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In what is set to become a major milestone achievement in its 50 years of existence, the Lagos State Government on Wednesday signed a Memorandum of Understanding (MoU) to kick-start the construction of the 38km 4th Mainland Bridge, expected to bring a 14-year old dream to reality. The Bridge, which is geared towards economic growth in the State, is expected to gulp N844billion in a Public Private Partnership (PPP) initiative and would be delivered in three years.
Speaking at the signing of the MoU held at the Banquet Hall,
Lagos House, Ikeja, State Governor, Mr. Akinwunmi Ambode, said that the need for the bridge had become imperative following the phenomenal growth of the State with a population of over 21 million people, which has in turn increased commercial activities and traffic gridlock.
“This has made it imperative for us to have a 4th Mainland Bridge that will serve as an alternative route to the Eastern axis and decongest traffic in the State.
“More importantly this bridge will provide the required transportation compliment to the rapidly growing industrial activities on the Eti-Osa - Lekki - Epe corridor of the State,” he said.
He said the proposed alignment of the Bridge will pass through Lekki, Langbasa and Baiyeiku towns along the shoreline of the Lagos Lagoon estuaries, further running through Igbogbo River Basin and crossing the Lagos Lagoon estuaries to Itamaga Area in Ikorodu.
The Governor said the alignment will also cross through the Itoikin road and the Ikorodu - Sagamu Road to connect Isawo inward Lagos Ibadan Expressway at Ojodu Berger axis.
He said the Bridge would be made up of eight interchanges to facilitate effective interconnectivity between different parts of the State.
“This structure will be a Four-lane dual carriageway with each comprising three lanes and two metres hard shoulder on each side. The bridge will be constructed to have a generous median to allow for both future carriageway expansion and light rail facility. There is no gainsaying the fact that huge benefits will be derived from this project but most importantly, make life more comfortable for Lagosians,” he said.
According to Governor Ambode, the Bridge which would be a PPP initiative is a testimony to the confidence the partners in the project have in the State Government and the Nigerian economy in general.
Expressing confidence that the project would be delivered on a Win-Win framework for all investors, the Governor said for the first time in the history of the State, the Government was embarking on the construction of a long-span bridge and expressway without Federal funding as the project is to be solely funded by the private sector.
“I am delighted that this project which has been on the drawing board for quite some time is now set to become a reality. This again, is the Continuity with improvement which we promised Lagosians.
“We have started the process with the signing of this MOU which is an expression of the commitment of major stakeholders including the government and the consortium of consultants and investors to the delivery of the project within the scheduled time frame,” the Governor said.
Governor Ambode also reassured Lagosians that his administration would remain committed to improving the State with world class transportation system as a vital component, which according to him is a key requirement for the sustenance of economic growth in the State.
The Bridge, among others would accommodate cyclists and pedestrians and feature two service areas as well as additional pedestrian crossing.
The Bridge would also accommodate three Toll Plazas which are still being tested from financial point of view and it would serve as a major boost to the actualisation of the Lekki Master Plan.
The project is to be financed by Africa Finance Corporation, Access Bank and other private investors who have already signified intention to be part of the construction, while Visible Assets Limited would be the coordinating firm.
In his remarks, Executive Chairman of Visible Assets Limited, Mr. Idowu Iluyomade, said the project would go a long way to reduce traffic gridlock in the State and would provide job opportunities for Lagosians.
He said aside improving the quality of life of the people, the Bridge would also be a big asset that would be handed to the
Lagos State Government at the end of the concession, assuring that it would be delivered on schedule.
Earlier, Commissioner for Works and Infrastructure, Engr. Ganiyu Johnson said that the Bridge when completed would utilise state-of-the-art tolling system that will ensure free flow of traffic.
Photos from the MOU signing
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SIGNED
HABIB ARUNA
CHIEF PRESS SECRETARY
MAY 25, 2016

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Source: http://www.timenaija.com/lagos-signs-n844billion-on-4th-mainland.xhtml

That's my state

Ambode please we need to start sending the fake jews with their fake stufs back to red mud region.
They have littered everywhere with their fake things.

Lagos was much cleaner until the jews from erosion land start trooping in.
They want to turn lagos to dumping ground like what they did to Aba and onitsha.

Sure lagos state government not the only one paying for the project but foreign partners are investing in this as well. Expect toll fare on the road.

Okay....

noted! nice move

Sai Buhari

Make I dey watch.

My wishes are that:

They should use steals from Ajaokuta/Osogbo steal rolling mill;

They should employ 90% Nigeria staff;

They should use Nigerian fabricated equipment except there is no alternative;

That the funding should be source through FDI.

This Is a welcome development. the long awaited fourth mainland bridge....


But I won't hail Ambo until I see the bridge... Ambo will be guaranteed of second term should he complete the bridge before 2019 ... #MyOpinion

Keneking:
Sai Buhari

Na was for this Buharist o

OkoNDOoBo:
That's my state

Ambode please we need to start sending the fake jews with their fake stufs back to red mud region.
They have littered everywhere with their fake things.

Lagos was much cleaner until the jews from erosion land start trooping in.
They want to turn lagos to dumping ground like what they did to Aba and onitsha.

You shouldn't have descended low to this extent! Are you really a Graduate, or just wasted Years on Campus running after anything under Skirt?!
How does your comment correlate or add any meaningful input to the Post?!
Check your brain before it's too late!

omowolewa:
My wishes are that:

They should use steals from Ajaokuta/Osogbo steal rolling mill;

They should employ 90% Nigeria staff;

They should use Nigerian fabricated equipment except there is no alternative;

That the funding should be source through FDI.

What an outstanding input?! This will help to improve the economy of the Country as well as create job opportunities!

Keneking:
Sai Buhari

You are gradually becoming APC Version of Temitemi1!
But you kinda forget to call the attention of Lalasticlala! The Jorge Mendes of Nairaland!

adeyemi2015:


You are gradually becoming APC Version of Temitemi1!
But you kinda forget to call the attention of Lalasticlala! The Jorge Mendes of Nairaland!

He is not online yet...still observing sha

teeboila:
Sure lagos state government not the only one paying for the project but foreign partners are investing in this as well. Expect toll fare on the road.

Exactly, It will be tolled, no more free lunch if we must get off oil

omowolewa:
My wishes are that:

They should use steals from Ajaokuta/Osogbo steal rolling mill;

They should employ 90% Nigeria staff;

They should use Nigerian fabricated equipment except there is no alternative;

That the funding should be source through FDI.

you can't tell folks who will bring in their money where to source their raw materials from

Keneking:
Sai Buhari

You Miss road? article says without FG partnership yet you get liver to shout sai boari, sai boari my anus!

Our Lagos...our heritage...our pride


Lagos home for all

adeyemi2015:

You shouldn't have descended low to this extent! Are you really a Graduate, or just wasted Years on Campus running after anything under Skirt?!
How does your comment correlate or add any meaningful input to the Post?!
Check your brain before it's too late!

Kk seen.

NEXT

Correct, thatz just my wish anyway.

Goke7:


you can't tell folks who will bring in their money where to source their raw materials from

3 years.. hmmm... that's quite ambitious

Other governors should take a leaf from this. We can't keep waiting on Abuja for everything when we can engage in public private partnership such as this.
Nigeria will develop faster when we have thinkers in government and not some agbada wearing nitwits.

lalasticlala

teeboila:
Sure lagos state government not the only one paying for the project but foreign partners are investing in this as well. Expect toll fare on the road.

Still no FG funding regardless..

That's how fashola blabbed and couldn't finish the monorail project

e be like sey this guy won serious pass that guy we scam im people with light rail ooo. I no kuku mention name

Good