Governor Babajide Sanwo-Olu, has said the steady progress and successes of the state’s two metro lines is enough to elicit interest of global investors in looking towards the state and partnering with the government in the development of the proposed Purple Rail Line project.
The State had last year commenced operation on the first phase of the fully electrified Blue Line Rail, while in October this year, it started commercial operation on the Diesel propelled Red Line metro line. The second phase of both lines is currently ongoing.
The state is desirous of embarking on two more metro lines – the Green Line, which is proposed to course through Marina and terminates at the Lekki Free Zone, and the Purple Line, which is to begin at Mowe, course through the Long Bridge, Ojodu, Ogba, and end at Ojo.
Speaking at the Africa Investment Forum Market Days in Morocco on Wednesday, Sanwo-Olu who presented the state’s investment strategy for the Purple Rail Line project before African investors, assured that the project represents a viable investment opportunity with promising returns and declared that his administration is excited to move forward with the project.
Sanwo-Olu said the Purple Rail Line, a 60 km electrified rail system, will include 16 stations and integrate with existing bus services to boost residents’ connectivity.
According to him, it is projected to serve over 300,000 passengers daily, significantly reducing greenhouse gas emissions by encouraging a shift from road to rail transportation.
“At the Africa Investment Forum Market Days, I presented our investment strategy for the Purple Rail Line project.
“The Purple Rail Line is a 60 km electrified rail system that will include 16 stations and seamlessly integrate with existing metro and bus services to enhance connectivity.
