An Ibadan-based property development and engineering firm, Binatech Engineering Services Limited, yesterday turned the sod to flag off the construction of a state-of-the art a storey shopping complex in Iseyin Local Government.
The 33-unit shopping complex is located inside the council facing the Iseyin-Ibadan express road.
In his opening remark, the Council Chairman, Mr. Rasaq Fadiran expressed his joy, saying “the initiative of Private-Public Partnership designed for the project of shopping complex for which the foundation was laid today would be the first of its kind in this Local Government” The Council boss commended the Oyo State Governor, Engr Seyi Makinde for providing an enabling environment for development to thrive.
Managing Director of the company, Engr. Abiodun Babalola while speaking gave a brief background of the company as a firm whose scope of operation covers mechanical, civil and electrical engineering services.
He highlighted the importance of the shopping complex as a project that would contribute to the development of Iseyin in terms of creation of jobs for the teeming youths as well revenue generation to the local governments
He was quoted as saying, I thanked the immediate past chairman of the council, Engr. Mufutau Abilawon who initiated the project and also commended the incumbent chairman, Hon. Fadiran who through his resilience got approval for the commencement of the project.
The project is Public Private Partnership arrangement between the council and the contractor. The firm is also constructing 150 unit shopping complex in Cocoa House and almost completed.
The 33 unit shopping complex would be managed by the developer for 50 years before final handling over to the council.
The firm will provide hundred percent funding while the council only provided the land for the construction based on PPP arrangement and the cost of a unit shop in the complex is N6million Naira which will last for 50 years before renewal.
He also pointed out that they embarked upon the multi-million naira project in Iseyin to ensure that shopping does not become stressful but should be pleasurable to the person spending the money and satisfactory to the one providing the service.
Among those who graced the occasion were the PDP Chairman in the Council area, Hon Adele Musedik, Alh Muraina Siaba, Mr Micheal Doyin Babalola, the rep of Aseyin of Iseyin land, oloye Cornelius Odusola, the Ogboye of Isalu.
Religious leaders of the Muslim Community, Christian Association of Nigeria and Isese Traditionalists had their representatives at the occasion.
