A Memorandum of Understanding that will lead to the construction of the fourth mainland bridge in Lagos has been signed.
The 38 kilometre 4th mainland bridge will gulp an estimated sum of 844 billion naira and is expected to be delivered by 2019.
Governor Akinwunmi Ambode during the signing event described the development as a landmark achievement since the third mainland bridge was delivered 30 years ago and in almost fifty years of the state’s creation.
“Lagos State is recording another major milestone in its almost 50 years of existence, the significance of this bridge will be fully appreciated if we can imagine Lagos of today without the 3rd Mainland Bridge.
Almost 30 years after the delivery of the 3rd Mainland Bridge; the state has experienced phenomenal growth to become a megalopolis – a city-state with a population of over 21 million people.
The increase in the State’s population and expanded commercial activity has led to frequent traffic congestion. This has made it imperative for us to have a 4th Mainland Bridge that will serve as an alternative route to the eastern axis and decongest traffic in the State,” Governor Ambode stressed.
He noted that it was the first time the state would be embarking on a project of such magnitude without the Nigerian Government’s funding.
“I must not fail to mention that this PPP arrangement with our partners, seated here today, is a major testimony to the confidence they have in our administration and the Nigerian economy in general.
We have learnt our lessons and we are confident that this project will be delivered on a Win-Win framework for all investors. This is so because this is the first time in the history of the State that we are embarking on the construction of a long-span bridge and expressway without federal funding; and also having a project to be funded solely by the private sector.”
In the same vein, the Commissioner for Works and Infrastructure, Mr Ganiyu Johnson said the project which had almost become a fairy tale for about 14 years would bring the lofty vision of government to reality.
Mr Johnson highlighted some of the features of the bridge which would be a four-lane dual carriageway with each comprising, three lanes and two metres hard shoulder on each side.
“The bridge will be constructed to have a generous median to allow for both future carriageway expansion and a light rail facility. The alignment of the 38 kilometre bridge will run from Abraham Adesanya round about in Lekki area of Lagos Island and will run through Ikorodu to terminate at Ojodu-Berger on Lagos-Ibadan Expressway,” the Commissioner added.
A member of the Consortium of companies that will execute the project on a Public Private Partnership, Mr Idowu Iluyomade maintained that on completion of the 4th mainland bridge, a great asset would be handed-over to Nigeria’s economic capital.
During a 3-d (three dimensional) presentation, Mr Ger Hogan of Advanced Engineering Consultants hinted that three toll plazas and eight interchanges with a provision for a light rail system at the centre of the eight-lane highway.
“Each of the toll plazas will have eight booths to reduce traffic around the toll plazas,” Hogan noted.
According to him, “790 billion naira will be initial amount needed for the project but a follow up 10-year programme cost will attract additional cost of 54 billion naira, bringing the overall cost to 844 billion naira.”
The project is expected to be based on “build, operate and transfer after a period of 40 years.”
The consortium of companies include Visible Assets Limited, Julius Berger Nigeria, JP Morgan, Access Bank, Africa Finance Corporation, Nigeria Westminster Dredging and Marine Limited, Hitech Construction, Advanced Engineering Consultants, Eldorado as well as Price Water Coopers which will coordinate the project.