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 storey shopping complex in Iseyin Local Government.
The 32-unit shopping complex is located inside the council directly facing Iseyin-Ibadan main express way.
In his opening remark, the Council Chairman, Mr. Rasaq Fadiran expressed his joy, saying “the initiative of Private-Public Partnership designed for the project and the foundation which was laid today would be the first of its kind in this Local Government”. The Council boss used the ocassion to commend State Governor, Engr Seyi Makinde for providing an enabling environment for development to thrive in Iseyin.
Managing Director of the company, Engr. Abiodun Adeola while speaking gave a brief background of the company as a firm whose scope of operation cuts across all areas of 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 job creation for the teeming youths, increasing trading activities of the town, returns on investment to investors as well as revenue generation to the local government.
He was quoted as saying, “I thank the immediate past chairman of the council, Hon. Mufutau Abilawon who initiated the project and also commend 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 at Oyo State Library Board Dugbe, Ibadan and almost completed.
The 33 unit shopping complex would be managed on build and transfer process to interested lessee for 50 years.
The firm will provide hundred percent funding while the council only provided the land for the construction based on PPP arrangement which will last for 50 years before the council finally takes over.
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 representative 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.
