Lagos state Governor Akinwunmi Ambode has terminated the 4th Mainland Bridge project at the cost of N844 billion due to slow pace.
According to NAN Commissioner for Waterfront Infrastructure Development, Adebowale Akinsanya said the government are still in search of new investors though interest is very high.
The state government has started the proposals. We have such investors from South Korea, Europe and the United States, among few others. What we are doing now is vetting the proposals. We do not want to waste any further time. So works are in top progress on the 4th Mainland Bridge.
The investors would be named very soon, the state government will enter into concession agreement with appropriate investors that deliver the project,” he said.
On the Airport road project, Permanent Secretary, Ministry of Works and Infratructure, Temidayo Erinle said the state government was yet to obtain the federal government’s approval.