Gov. Rauf Aregbesola of Osun has inaugurated the construction of18 km Osogbo East bypass dual carriageway, worth N14.5 billion.
Aregbesola said at the inauguration on Saturday in Osogbo that the new road network would boost economic activities on completion.
According to him, the road will complement the Gbongan-Akoda dual carriageway to reduce traffic congestion as well as beautify the ancient city.
The road, which the governor named after the late Ooni of Ife, Oba Adesoji Aderemi, will be financed by Sterling Bank with an agreement on reimbursement.
He said that a bridge to be constructed on the road would be called “Nov. 27”, in remembrance of the Governor’s inauguration on Nov. 27, 2010.
The governor also said that the road network which would link neighbouring towns would boost trade within and outside the state.
The new road starts from the Iwo-Osogbo roundabout and terminates at the roundabout along Osogbo-Ikirun road.
The west side of the road was constructed in 1994 under a World Bank-assisted Multi-State Roads Project.
Top government functionaries, members of the state House of Assembly and the National Assembly as well as various interest groups attended the occasion.
