4th Mainland Bridge to gulp $2.5bn now —Lagos govt
ON MAY 20, 20217:01 AMIN NEWS
….Says preferred bidder emerges Oct

By Olasunkanmi Akoni

Lagos State government said, yesterday, that construction of the proposed 4th Mainland Bridge is estimated to cost $2.5 billion.


The state government had, in September 2020, announced an estimation of $2.2 billion for the construction.

The 4th Mainland Bridge is a proposed 38-kilometer long bridge initiative by the Lagos State government, connecting Lagos Island by way of Lekki, Langbasa and Baiyeku towns, and across Lagos Lagoon to Itamaga in Ikorodu. On completion of the project, it is expected to become the longest bridge in Africa.

Director-General, Office of Public-Private Partnership, PPP, Lagos State, Mr. Ope George, stated this during the ongoing ministerial briefing to commemorate the second anniversary of the Babajide Sanwo-Olu-led administration in office, in Alausa, Ikeja.


George said: “The preferred bidder out of the six under-listed bidders of the proposed $2.5 billion transaction worth bridge is expected to be determined by October, this year.


“The project will be funded under Public-Private Partnership, PPP, and is presently undergoing technical processes to eliminate every glitch.

“The State is at a critical point where glitches have been identified and same are been addressed to finalise processes towards the commencement of the $2.5 billion
transactions worth project.”



https://www.vanguardngr.com/2021/05/4th-mainland-bridge-to-gulp-2-5bn-now-lagos-govt/

mynd44, oam4j

The real contract sum maybe less than half of what has been quoted. The rest will be carried to Bourdillion with a bullion van.

Lagos lead others follow

SmartProf:
The real contract sum maybe less than half of what has been quoted. The rest will be carried to Bourdillion with a bullion van.

cry me a river

longetivity:
cry me a river

Keep drowning in foolishness u slave.

[quote author=longetivity post=101875219][/quote]
Part of your foolishness has been revealed by ur decision to edit my comment. What a pity.

SmartProf:

Part of your foolishness has been revealed by ur decision to edit my comment. What a pity.

Lagos is not aba

They should just recover 50% of what tinubu and fashole stole and use it to build

Nonsense

That's much, hope it not going to be loan funded

longetivity:
Lagos is not aba

Foolishness is when u feel u can detect one's region of origin from his/her independent comment...u have a very dull brain.

OK na

They stated that the project will be a Public-Private Partnership, meaning that it's likely going to be tolled.

Lagos nawa.

Anyways, living in Lagos no be by force.

Lagos is another country inside Nigeria

Here we go again! 2.5 billion dollars for a bridge? Another fraud scheme by the Bourdilion a.k.a Bullion Vans master to syphone funds for 2023 elections.

Sanwo Olu is just a figure head and spokesperson for the real eternal emperor of Lagos State, the Jagabandit, Ashiwaehin and self-acclaimed leader of all democrats.

pls award the contract to Alpha Beta

When dem wan start this bridge sef

I fail to see why this is an immediate priority?

This is more than the annual State budget

The immediate priorities in Lagos today are Water, Housing, Health, Education and Mass Transport Systems

This project will benefit a small part of the population

I think it will be good to do one day but is it the most important thing for Lagos State now?

Debatable

That money would build over 100 000 houses and create a LOT MORE jobs in the process

omonnakoda:
I fail to see why this is an immediate priority?

This is more than the annual State budget

The immediate priorities in Lagos today are Water, Housing, Health, Education and Mass Transport Systems

This project will benefit a small part of the population

I think it will be good to do one day but is it the most important thing for Lagos State now?

Debatable

That money would build over 100 000 houses and create a LOT MORE jobs in the process

Please I want to give you 1M likes for this comment... Most Landlords in Lagos now charge minimum of 800k PA for 2bedroom apartments in slums in Lagos and the government is more concerned about 4th MB...I don't even want to talk about Lagos street roads...I went to Isheri-Oshun to see my cousin last week and I swore never to visit him again if he continues living there because of the damage the road did to my car...And to think an average 3 bedroom flat goes for about 500k in those kinda places...Lagos Nawa

collele:


Please I want to give you 1M likes for this comment... Most Landlords in Lagos now charge minimum of 800k PA for 2bedroom apartments in slums in Lagos and the government is more concerned about 4th MB...I don't even want to talk about Lagos street roads...I went to Isheri-Oshun to see my cousin last week and I swore never to visit him again if he continues living there because of the damage the road did to my car...And to think an average 3 bedroom flat goes for about 500k in those kinda places...Lagos Nawa

Well it is democracy. Every body has a voice.
One problem in Nigeria is that people fail to organize themselves so that government listens to them
We have social media and no one uses it to debate policy