Lagos To Sign Mou With Investors Over 4th Mainland Bridge
SAN FRANCISCO, April 14, (THEWILL) – Governor Akinwunmi Ambode, Governor of Lagos State, has disclosed that his administration would formally sign a memorandum of understanding (MoU) with investors for the construction of the 4th Mainland Bridge before May 29, 2016.
Ambode made this known at the quarterly town hall meeting with constituents of Lagos East Senatorial District, in Ikorodu, on Thursday, saying the construction of the bridge was proposed to cost over N240 billion.
He however affirmed that unlike the three existing bridges connecting the island and the mainland, which are free from tolling, the 4th Mainland Bridge will likely be tolled, as the private investors will want to recoup their money.
“Many investors have shown interest in the actualisation of our dream for the 4th Mainland Bridge, which will run from Ajah to Ikorodu to Isawo and berth at Ojodu, Ikeja, back to the Ibadan Expressway,” Ambode said.
“By the grace of God, we will sign an MoU and commence action before May 29.”
The governor also revealed that investors had equally shown interest in the redevelopment of the fish market to an international market and the redevelopment of inner roads in Epe and Ibeju-Lekki area.
He added that the first phase of the Blue Line rail on Lagos-Badagry Expressway, was 85 percent complete, as the state government was proposing the rail to commence operations by end of this year as the intention of his administration was to ensure that no part of the state was left undeveloped.
“Over the years, the economic activities have continually dwindled resulting in urban migration, underdevelopment and unemployment. It is with a view of revitalizing the economic activities of this zone that Government has identified the need for urgent intervention,” he said.
“To this end, government will be relocating the Mile 12 Market to Imota. Work on this will commence next week. Our vision is to make the East Senatorial Zone economically viable and liveable
“I'm encouraged by this very transparent, credible, free and fair affirmation which I just got from the people. From the response, many of the people in this hall are in support of a total ban on Okada and since this is a government of the people, all the security agencies in Lagos including the police, task force, LASTMA and others, to start with, are hereby directed to fully enforce the ban on Okada between Mile 12 and Ikorodu.
“We will not tolerate Okada on the road and I hereby emphasize that there is no more Okada on Mile 12-Ikorodu Road. Anyone caught flouting this directive will have their Okada impounded and we would prosecute such people as well before the court.”
Story by David Oputah