A wide range of transport infrastructure have been offered to investors for branding and Out-of-Homes advertising in a move to shore up revenue for the sustainability of Lagos State Transport Network.
According to the Managing Director of Lagos Metropolitan Area Transport Authority (LAMATA), Engr. Abimbola Akinajo, opportunities exist for investors in bus and rail advertising as well as in infrastructure such as pedestrian bridges, bus shelters, bus terminals, interchanges, and megacity bus terminals.
In a keynote address at the first ever LAMATA Business/Investor forum, Mrs. Akinajo said the forum was held to call attention of the business community to the need for a sustainable partnership on the use of transport infrastructure for the prosperity of their businesses and for government to earn income to strengthen transport infrastructure and provide more.
She announced that the first phase of the Lagos Rail Mass Transit (LRMT) Blue Line rail system would open for passenger operations in August 2023.
“I am happy to inform you that we are rounding off all testing processes for the commencement of full passenger operation in August this year. Details of the operations will be announced soon”, Akinajo stated.
“The first phase of LRMT Red Line (Agbado to Oyingbo) is also nearing completion and we intend to commence testing and passenger operations about August 2023″, she added.
In a presentation, LAMATA’s Technical Adviser, Corporate and Investment Planning, Engr. Osa Konyeha noted that the state government was seeking investors in the development of the Abule Egba – Sango Tollgate Bus Rapid Transit (BRT) corridor, a 7.6-kilometre bus route with a daily projected ridership of over 63,000 passengers.
Also available is the Oworonsoki – Apapa BRT, a 28-kilometre route with a projected daily ridership of about 430,000 passengers.
He further stated that government was ready to partner with investors in the refurbishment of 300 buses that are currently non-operational and the decarbonization of existing fleet and transition to cleaner energy.
In rail transportation, the government is seeking partnership in the management of advertising and Out of Homes (OOH) concessions within the stations, construction and management of multi-level car parks, skywalk bridges at Ikeja and Marina while also looking forward for concessionaires for the Green and Purple lines which have a combined distance of 133 kilometres.
Investors would also have opportunity to bid for the upgrade of bus shelters, rehabilitation/construction of the Oyingbo Bus Terminal, construction of Ikorodu and Maryland Terminals and transport interchange facilities at Iju, Mushin, Ajah, Agege, LASU-Iba as well as Megabus terminals at Ojodu Berger, Odogunyan, Sango-Ota, Epe and Agbara.
