By Austin Ogwuda
Asaba—DELTA State Government has listed 17 projects to be financed through the first tranche of the N50 billion bond under its N100 billion bond issuance programme.

Manager, Communications to Delta State Governor, Mr. Paul Odili, weekend, said: “The state will, in addition to the Bond proceeds, finance the listed projects from other sources of revenue.”

Projects listed to be financed through the bond include education initiative (primary, secondary and tertiary projects), which will consume N8.8 billion; N12 billion for the dualisation of Ughelli-Asaba Expressway,  Effurun-Eku Road and  Ugbenu-Koko Road. Others are development of Warri Industrial and Business Park, rehabilitation of Courts, Warri water project, and transportation, among others.

Odili told Vanguard: “This is a transparent government that was why we did not hesitate to give an insight into what we intend using the bond for.”

Delta State Government recently concluded arrangement to raise N100 billion from the capital market to improve the infrastructural base of the state.