TheNigerianVoice Online Radio Center

FG cedes right of way for Iddo-Agbado railway corridor to Lagos

By The Rainbow
Listen to article

In what appeared like another milestone in transportation, the Lagos State government last weekend secured the Right of Way (ROW) for the Iddo-Agbado Corridor for the proposed Mass Transit Train Services (MTTS) .

The agreement was sealed with the relevant stakeholders in the transport ministry in Abuja.

The scheme, already has attracted $2.4 billion investment plan from the private sector, and is expected to ferry 1.8 million daily from Agbado in Ogun State to Iddo in Lagos State.

These disclosures were made by the honourable minister of transport, Senator Idris Umar at the ceding and handing over of the Right of Way for the corridor in Abuja.

Already, The Marina Express Train Service Ltd (METSL) has sealed pact with The Infrastructure Bank (TIB) to construct the proposed Lagos Metro Rail Transit (LMRT) named Red Line.

When completed, the Lagos State Mass Transit Train Services (MTTS), named “Red Line'',has been projected to significantly impact on the growth and development of the Lagos-Ogun states' industrial and economic zones.

The Minister disclosed that “the royalties due to the Nigeria Railway Corporation (NRC), arising from the use of the corridor by the Lagos State government over the life of the project shall be valued. It shall be converted to Federal Government equity in the consortium that will implement and manage the project over the concession period.

 A technical committee made up of representatives of Ministry of Transport, NRC, Lagos State government and Lagos Area Metropolitan Transport Authority (LAMATA)  was set-up to look into the possibility of sharing the existing NRC rail corridor in Lagos without any hitch.

Going by the agreements, the Lagos state government will occupy two standard guage two tracks on the Eastern side of the corridor for the construction of the standard guage Lagos state MTTS, says the Minister.

The post FG cedes right of way for Iddo-Agbado railway corridor to Lagos appeared first on THE RAINBOW NEWS ONLINE .