Fashola Shops For N73.3b For Airport

Friday, April 30, 2010

Governor Babatunde Fashola
By Kazeem Ugbodaga

Governor Babatunde Fashola is shopping for N73.3 billion to build the proposed Lagos International Airport and the proposed Lekki-Ikoyi bridge.

The first phase of the airport, to be built in Lekki will cost N43.3 billion while the Lekki-Ikoyi bridge will gulp N30 billion. The two projects, P.M.NEWS gathered, will be undertaken under the Public-Private Partnership (PPP) initiative of the Lagos State Government.

The governor is already scouting for investors for the projects, which are meant to make Lagos world class attraction and a haven for tourism.

Director-General, Lagos State PPP Office, Mr. Ayo Gbeleyi disclosed that the airport would be provided with modern architectural design and ”is expected to render services to approximately five million passengers per annum.”

On the Lekki-Ikoyi bridge, the PPP boss said the bridge will link Lekki Phase One to Ikoyi across the lagoon and will decongest traffic on the Lekki-Epe Expressway.

Source: www.thepmnews.com

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