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Tuesday, 23 May 2017

Reason Behind The Termination Of Fourth Mainland Bridge Contract By Lagos State Government(Read)

Lagos State government has ended its agreements patterning to the contact  for the building of the proposed N844billion Fourth Mainland Bridge. 

Official for Waterfront and Infrastructure Development Adebowale Akinsanya, told correspondents yesterday in Alausa, Lagos, that the legislature was considering  proposals  from foreign investors in the United States of America and Britain to accelerate the commencement of the project.

Akinsanya, an engineer, said the government dumped the former contractors, including Africa Financial Corporation (AFC) and other investors, following delay in the beginning of 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.

The commissioner stated that the government will ensure appropriate investors are named soon.


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