BrandArena: Why Lagos Terminated N844 Billion Fourth Mainland Bridge Projects

Tuesday, 23 May 2017

Why Lagos Terminated N844 Billion Fourth Mainland Bridge Projects

Lagos State Government on Monday said the proposed N844 billion fourth mainland bridge projects contracted with investors for construction has been terminated due to continued delay in commencement.

The contractors that signed a Memorandum of Understanding for the 38 kilometer bridge and road project about a year ago include Visible Assets Limited,  Africa financial corporation (AFC) and Access Bank Plc.

Commissioner for Waterfront and Infrastructure Development, Engr. Adebowale Akinsanya while speaking with the media yesterday at Alausa explained that government was considering various proposals from foreign investors such as United States of America, Britain, in order to accelerate commencement of the project.

In his words: “The reason why we terminated the contract of former investors was mainly due to slow pace of work. We are now looking at many investors, though, interest is very high. We have such investors from South Korea, Europe, and America, among few others. What we are doing now is vetting the proposals we don’t want to waste any further time. So works are in top progress on the 4th Mainland Bridge.”

The commissioner assured residents that the state government would ensure that appropriate investors would be named soon for the project considering its importance.

Also, permanent Secretary, Ministry of Works and Infrastructure, Engr. Temidayo Erinle, who spoke on the planed airport road project said, “We are yet to get Federal Government’s approval on the Airport road project. We want to assure residents that whenever there is approval you will see engineers move to site.

“Though, we are still collaborating with FG to get things resolved. The road is not in good condition; hence, we need to move fast. Also Apapa Road, same issue as Airport Road, it’s a federal road, we are collaborating with FG on it too.”

Erinle added that efforts by Ambode administration’s to carry out a total reconstruction of the International Airport Road from Oshodi was yet to be approved by the Federal Ministry of Works.

According to him, the state government had a design for the reconstruction of the road as well as the funds to embark on the project but “the Federal Government is yet to grant approval. Though, we are still talking on it.

“On the proposed 188 roads, we have received over 1,000 proposals from contractors. We are currently in a vetting stage. We are studying the technical aspect because it’s very important. We are looking at the application. Not only the costs are we considering, we have to look at the background, years of experience, expertise too. We are paying more attention to technical aspect.”

He said that in maintaining the existing roads in the state, the Public Works Corporation, LSPWC, worked on 807 roads within the state, while it delivered over 532 roads and agency currently working on over 275 other roads.

No comments:

Post a Comment