₦airaland Forum

Lagos Metropolitan Transport Authority @Lamataonline

Lagos Blue Line Phase two gets Green Light from financiers

Financing for the second phase of the Lagos Rail Mass Transit (LRMT) Blue Line has received the nod of African Export Import Bank (Afreximbank) and Access Bank, who are jointly providing funding for its completion.

Afreximbank’s Abuja Regional Chief Operating officer, Mr. Eric Intong and his Access Bank counterpart Mr. Lookman Martins, today, jointly visited the project site to evaluate its potential.

The banks expressed their satisfaction with the plan for the project, and it is expected that construction activities on the project will go upbeat in the coming weeks.

Paperwork for the project are being finalized and may be signed by the parties Lagos State Government in the coming weeks.

Recall that the Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu signed the contract for the second phase of the rail line during its launch performed by former President, Muhammadu Buhari on 24th January 2023.

The Blue Line Phase two, which spans 14 kilometres from Mile 2 to Okokomaiko, is expected to significantly improve transportation in Lagos.

It will provide a faster and more convenient way for residents to travel from the Island to the mainland and vice versa.

The delegation was joined by the Commissioner for Finance, Mr. Yemi Oluyemi, Commissioner for Transportation, Hon. Oluwaseun Osiyemi, Permanent secretary Debt Monitoring Office, Mrs. Sanusi Alake and Director of Rail Transport, Engr. Olasukanmi Okusaga.

On completion, the Blue Line is expected to move more than 450,000 passengers daily.

#LAMATA #keepingLagosmoving #Lasg

Jubril A. Gawat @Mr_JAGs

One of the things that helped with the completion and launch of the Blue Line (Phase 1) and the Red Line Rail, is the creative financing structure that Governor @jidesanwoolu and his team put in place, this will ensure project has its separate financing structure, quality delivery and on schedule, as promised. So the people waiting for the Blue Line Rail (Phase II) to take ‘50 years’ to complete; Happy Sad News to them in advance 😁😁😁

Muhammad @AdekunleAbola1

.. Sir, We will utilize that Creative mode of Finance which you had always spoke to us about, As we seek to complete other Rail Mass project - @jidesanwoolu to Mr President at the official commissioning of Red Rail Transit 2024 😊

Fake!!!

Sanwo Olu is a criminal just like Gbola Tilumbu

H

Bnjjjj

If every state in Nigeria can be blessed with good administrators like Lagos, by now there would have been a better distribution of wealth in the country. It wouldn't have been until you get to Lagos before you can make it. I wonder why ogun state is miserable despite their closeness

Lagos get money Sha... Like madt money

What an an unfortunate project! Lagos mainland still account for 70% poor road depletion in the state, na railway dey wan spend money on top...Nuisance

H

mafmag:
What an an unfortunate project! Lagos mainland still account for 70% poor road depletion in the state, na railway dey wan spend money on top...Nuisance

when you day take Ur money book olosho who question you 🤭🤭

What Color comes to Lekki /EPE from CMS

Hmm

What Rail Color comes to Lekki /EPE from CMS

MajorOvakporaye:
Fake!!!

Sanwo Olu is a criminal just like Gbola Tilumbu

Lol painment , as your messiah no see anything to show , hence you must rubbish other people work 🤣

Zero shame .

Lagos is miles, head, and shoulders ahead every other Nigerian states, forget all that rubbish most Obidients/Igbos say about Anambra. I wish the rest of the states can work up towards its level, it will be better for the country.

Lagos is moving

mafmag:
What an an unfortunate project! Lagos mainland still account for 70% poor road depletion in the state, na railway dey wan spend money on top...Nuisance

Leave Lagos na ... Na must to stay there , go to your state wey be like New York

Hmmmmm

Lagos is walking.

mafmag:
What an an unfortunate project! Lagos mainland still account for 70% poor road depletion in the state, na railway dey wan spend money on top...Nuisance

And you think it’s wrong to look for alternative means in order to reduce pressure on the roads ?

Impressive

naptu2:
Lagos Metropolitan Transport Authority @Lamataonline

More trains! Music to my ears.