Lagos State Government has terminated N844bn Fourth Mainland Bridge contract



Lagos State Government has terminated its contract with investors for the building of the proposed N844billion Fourth Mainland Bridge.
This was confirmed by the Commissioner for Waterfront and Infrastructure Development, Adebowale Akinsanya, while speaking to newsmen in Alausa on Monday.
He said the government was considering proposals from foreign investors in the US and the UK, to accelerate the commencement of the project.
Akinsanya further explained that the former contractors, including Africa Financial Corporation (AFC) and other investors, were cut off because of delay in starting the multi-billion naira project.
Other investors dumped by the government a year after signing a Memorandum of Understanding (MoU) for the 38-kilometre bridge, include Visible Assets Ltd and Access Bank PLC.
The Permanent Secretary, Ministry of Works and Infrastructure, Temidayo Erinle, who spoke on the planned airport road project, said: “We are yet to get Federal Government’s approval. We assure Lagosians that whenever we get approval, engineers will move to site.
“We are collaborating with the Federal Government on the Apapa road because it is a federal road.”

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