The road was designed as a bypass for travellers from Lagos passing through Ibadan to other parts of the country through Ibadan-Ife Road.
It was awarded by the late governor Abiola Ajimobi in 2007 for a sum of N67 billion on a Build Operate and Transfer (BOT) basis for 25 years.
The state government did not incur any cost on the project. But due to the slow pace of work on the road, Makinde, who succeeded Ajimobi in 2019, terminated the contract.
He had visited the project site in late 2019 during which he directed the contractor to stop work.
He said that the government had invested billions of naira on the road project but without a commensurate work achieved by ENL Ltd.
But after he realised that the government did not commit any fund to the project, he allowed the firm to continue with its work but with the condition that it must deliver in six months.
After one year of work on the project, Governor Makinde terminated the contract in March. He announced that there were better firms that could deliver at the agreed length of time. The government has already advertised the job.
But Haastrup said his form would not leave the site until the government meets the terms of the agreement which includes offsetting the N3.9 billion spent on the project and the N6.7 billion penalty for terminating the contract.