Lagos Secures Funds For 4th Mainland Bridge, Blue Line With Partnership With Afreximbank, Rating admission to Monetary institution

marketwatchinvestor Team November 1, 2023

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Lagos Secures Funds For 4th Mainland Bridge, Blue Line With Partnership With Afreximbank, Rating admission to Monetary institution

Sanwo-Olu indicators partnership with Afreximbank and Rating admission to Monetary institution for infrastructure funding of $1.352 billion in Lagos.

Signing of partnerships took divulge at the 2nd Africaribbean Commerce and Investment Discussion board in Georgetown, Guyana, on Tuesday.

Investment will attend fund the Fourth Mainland Bridge and the 2nd Fragment of the LRMT Blue Line from Mile 2 to Okokomaiko.

Lagos Voice Governor Mr Babajide Sanwo-Olu on Tuesday 30th October 2023 signed a partnership with African Export-Import Monetary institution (Afreximbank) and Rating admission to Monetary institution for a enormous infrastructure funding of $1.352 billion in Lagos.

The signing of partnerships, which took divulge at the 2nd Africaribbean Commerce and Investment Discussion board in Georgetown, Guyana, will attend fund loads of key tasks in Lagos, including the Fourth Mainland Bridge, and the 2nd Fragment of the LRMT Blue Line from Mile 2 to Okokomaiko.

Sharing the news of the partnership on his official X page, Sanwo-Olu wrote :

“It changed into a huge 2d in Guyana at the Africaribbean Commerce and Investment Discussion board 2023 as we’ve secured a partnership with the African Export-Import Monetary institution and Rating admission to Monetary institution for a enormous funding of $1.352 billion in Lagos.

“This funding will vitality our long-time period infrastructure tasks, demonstrating confidence from world and native companions in our rising economic system.

“As we transfer forward, this funding will attend us worth key tasks, including the Fourth Mainland Bridge, Omu Creek Mission, and the 2nd Fragment of the LRMT Blue Line from Mile 2 to Okokomaiko. We’re committed to creating a higher future for Lagos and its people.

“Our vision for Lagos is becoming a reality with the Lekki-Epe World Airport and the Lagos Food Techniques and Logistics Hub in Epe. These tasks will extra enhance our economic system and back generations to return. The long scurry of Lagos is brighter than ever.”