Governor Akinwunmi Ambode on Thursday said that Memorandum of Understanding, MoU, with investors for the construction of the proposed 4th Mainland Bridge will be signed before May 29.
Mr. Ambode, speaking at the Third Quarterly Town Hall meeting in Ikorodu, said that the bridge would run from Ajah to Ikorodu, to Isawo, and berth at Ojodu, Ikeja, back to the Lagos-Ibadan Expressway.
According to him,many investors have shown interest in the actualisation of our dream for the 4th Mainland.
Mr. Ambode said that once the MoU was signed, works would begin on the bridge, which would boost the economy of Lagos-East Senatorial District.
He also highlighted plans were underway to convert the Ikorodu-Imota-Itoikin-Agbowa Road to an eight-lane road under the Build-Own-Transfer (BOT) scheme.
He said that although the government did not have fund for the reconstruction of the road, investors had began to shown interest in the project.
He said the road would be built under the Public-Private Partnership (PPP) programme.
“It will be a PPP Project; there will be three lanes on both sides and the remaining two lanes in the middle will be reserved for rail development in the future when the government has funds for the project,” he said.
NAN
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