The Lagos State Government on Wednesday said it had cancelled the third toll plaza on the Lekki-Epe-Eti-Osa expressway, which it said, was concluded after listening to the yearnings of the people and feedback from concerned residents.

The state government also said it had agreed to pay a sum of N40 billion to a consortium of senior lenders, which provided facilities to develop the project then contracted under a public-private partnership (PPP) arrangement.

The Commissioner for Finance, Mr. Ayodeji Gbeleyi, gave details about how the state government bought back the Lekki Concession Company (LCC), the then concessionaire of the expressway at a news conference he addressed at Alausa.

Gbeleyi, who addressed the conference alongside the Commissioner for Information and Strategy, Mr. Aderemi Ibirogba and Accountant-General of the state, Mr. David Sumonu, said the state government had cancelled the initially planned third toll plaza on the expressway having paid fully for the buyback of the expressway.

He said: “We have listened to the yearnings of the people and feedback from concerned residents. We took policy decision to cancel the initially planned third toll plaza on Lekki-Epe road that will have been located around Pan Atlantic University. Today, we will only the two toll plazas that have been built along the expressway.”

Read full story
http://monitor9ja.com/2015/04/lagos-cancels-third-toll-plaza-on-lekki-epe-expressway/

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Tinubu relaxing his sleazing grip on Lagos in preparation for looting shift to Abuja & Niger delta oil.

luvinhubby:
Tinubu relaxing his sleazing grip on Lagos in preparation for looting shift to Abuja & Niger delta oil.

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