Lagos Light Rail Nears Completion As Lagos State Debt Management Office Inspect Project
With ongoing efforts to improve the transport industry in Lagos, The Lagos state government under the leadership of Governor Babajide Sanwoolu has continued to invest heavily in various areas of the state transport sector.
The State has recently through the sales of its Bond series invested part of the N87.5 billion Bond sell in the ongoing Lagos Light Rail Project. The Light rail project which is expected to help ease transport trouble from Badagry to Marina CMS has witnessed substantial construction work.
In other to ascertain the level of work done on the Lagos light rail project, the Lagos state debt management office today 20th of November, 2020 carried out inspection work on the project. This is to help the debt office ascertain the level of progress after part of the state N87.5 billion Bond series was used to partly fund the Lagos light rail project in preparation for the visit of the Securities and Exchange Commission later in the year.
During the inspection, the team leader from the Debt Management Office, Mr. Olujimi Ige, expressed satisfaction with the current level of work done on the Lagos light rail project.
Mr. Olujimi is optimistic that the Lagos light rail project would not only help reduce the transport challenges in the state but would also drive development. He said the Lagos light rail is expected to run from Badagry to Marina with various stations spread across the light rail route where passengers will buy tickets, embark and disembark.
According to the Chinese Engineers handling the Lagos blue line light rail project, they are confident that the rail project is expected to improve connectivity between Badagry and Lagos in a more efficient way and less travel time.
They also stated that Phase II and Phase III of the project covering between mile-2 to the National Theatre Iganmu is 98% completed. With work currently going on on phase IV the Lagos light rail covering between National Theatre to Marina.
The Engineers also stated that four stations have been completed, as well as other elements which include the tracks works, while work is still ongoing on the phase IV bridge works.