Enterprise Television-Lagos to Award Fourth Mainland Bridge Contract in June
The Lagos State Government has initiated the process of signing an agreement with an ideal bidder to construct the Fourth Mainland Bridge, stating that it will announce its decision in June.
The state government disclosed that three bidders had been selected about a year after it terminated a Memorandum of Understanding (MoU) it entered with a consortium of firm to construct the 38-kilometre infrastructure.
The Commissioner for Works and Infrastructure, Mr. Adebowale Akinsanya, made this disclosure at a news conference at the Bagauda Kaltho Press Centre, Alausa Lagos on Wednesday.
Ambode on May 25, 2016, signed an agreement with consortium of domestic and foreign firms to construct the 4th Mainland Bridge with a length of 38 kilometers at a whopping cost of N844 billion.
The group comprises of Visible Asset Limited, Julius Berger Nigeria Plc., Hi-tech Construction Limited, J.P. Morgan, Eldorado Nigeria Limited, Nigerian Westminster Dredging and Marine, Africa Finance Corporation (AFC) and Access Bank.
After the concession agreement was signed, an Advance Engineering Consultant, Mr. Ger Horgan put the actual cost of the bridge at N790 billion, though the 10-year follow-up programme for structural pavement between 2018 and 2033 would gulp N5 billion.
However, on May 22, 2017, the state government announced its decision to terminate the MoU it entered with a consortium of firm to construct the Fourth Mainland Bridge at N844 billion.
Akinsanya disclosed that the state government was at the last stage of selection of a preferred bidder for the iconic project, which was designed to provide alternative route for commuters and residents to enter and exit Lekki and Victoria Island.