News
Governor Ambode Terminates N844b Contract For Construction Of 4th Mainland Bridge
Lagos State Governor, Akinwunmi Ambode has terminated the N844b contract for the construction of the 4th Mainland bridge, barely a year after he signed a Memorandum of Understanding (MoU) with a consortium of firms to build the bridge.
The MoU for the 36 km bridge was signed on the 25th of May, 2016 and was meant to be financed by Africa Finance Corporation, Access Bank, and other private investors before it was terminated.
Announced at the ministerial briefing at Alausa, Ikeja, the Commissioner for Waterfront Infrastructure Development, Adebowale Akinsanya stated that the government is now looking for new investors who have shown interest in the contract. “Due to the slow pace of work, the contract was terminated. We are now looking for many 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 soon.
Download Our Android App Today… https://play.google.com/store/apps/details?id=com.donald.autojosh&hl=en
Check import duty for over 5,000 cars in Nigeria.. https://autojosh.com/import-duty/
-
News1 week agoVision BMW Alpina, Lamborghini Fenomeno Roadster, Ferrari Luce, Mercedes-AMG GT 4-Door Coupé, News In May
-
News1 week agoAll-new 2027 Rezvani Fortress Is A $285,000 Off-road Super Truck With Body Armor, Run-flat Tyres
-
News6 days agoLiberian Senator’s Toyota Land Cruiser SUV Nearly Fell Into River After Its Tyres Slipped Off A Narrow Bridge
-
News1 week agoDangote’s Leopard 8 SUV, Davido’s Mercedes‑Maybach SL 680, Burna Boy’s Bugatti Chiron, All-new Nord A7 SUV, Nigerian News In May
-
News1 week agoLexus GX Next Update May Feature The Twin Turbo Hybrid Powerplant
-
News5 days agoVolkswagen ID.4 Owners File A Lawsuit Regarding Charging Limits And Battery Recall
-
News1 week ago‘GR Corolla On Steroids’ : Toyota Introduces All-new Track-bred 2027 GRMN Corolla
-
News3 days agoFord Recalls Several Vehicles Over Defective Ecoboost That Can Cut Power