Consortium signs deal for 38-km eight-lane Lagos bridge.
A consortium of Nigerian and international investors has signed a deal with the Lagos state government to finance the construction of the Fourth Mainland Bridge, which will cost N844 billion and is expected to take three years to complete.
Once operational the 38-km bridge will be concessioned for 40 years under a public private partnership (PPP) scheme and will be equipped with a tolling system.
The bridge will serve the eastern side of the city, spanning the Lagos lagoon to connect Lekki with Baiyeku, continuing overland to link up with the Lagos Ibadan Expressway at the north-eastern Ojodu Berger district.
The bridge will comprise a four-lane dual carriageway with space provided for potential future expansion as well as the possibility of introducing a light rail facility. The structure will also accommodate cyclists and pedestrians, and will have two service areas and pedestrian crossings.
Lagos governor Akinwunmi Ambode said the project was imperative to address the increasing traffic gridlock and commercial activities in the state whose population has reached 21 million.