Governor Akinwunmi Ambode has revealed that the State Government would sign a Memorandum of Understanding with investors for the construction of the proposed 4th Mainland Bridge before May 29.
Gov. Akinwunmi Ambode
While speaking at the Third Quarterly Town Hall meeting in Ikorodu, Lagos State Governor, Akinwunmi Ambode on Thursday, said the State Government would sign a Memorandum of Understanding, MoU, with investors for the construction of the proposed 4th Mainland Bridge before May 29.
The governor who added that the bridge would run from Ajah to Ikorodu, to Isawo, and berth at Ojodu, Ikeja, back to the Lagos-Ibadan Expressway, said, "Many investors have shown interest in the actualisation of our dream for the 4th Mainland Bridge."
Governor Ambode said that once the MoU was signed, works would begin on the bridge, which would boost the economy of Lagos-East Senatorial District, adding that plans were underway to convert the Ikorodu-Imota-Itoikin-Agbowa Road to an eight-lane road under the Build-Own-Transfer (BOT) scheme.
He said that though the government did not have fund for the reconstruction of the road, some investors had shown interest in the project, adding that the road would be built under the Public-Private Partnership (PPP) programme.
"It will be a PPP Project; there will be three lanes on both sides and the remaining two lanes in the middle will be reserved for rail development in the future when the government has funds for the project," he said.
Governor Ambode said his administration had also recorded success in its Light Up Lagos Project as 68 rural communities were recently connected to the national grid, and that places like Ile-Zik down to Tollgate on Lagos-Abeokuta Expressway had been lit up, adding that the Light Blue Rail project was now about 85 per cent complete.