By Fatimah Idera
The Lagos State Governor Babajide Sanwo-Oluhas disclosed his intention to secure a roughly $1.352 billion loan to complete the construction of 4th Mainland Bridge,and the Lekki airport.
Governor Sanwo-Olu said the government is unable to complete the two projects because of lack of funds.
Speaking on a Channels TV live broadcast, the Governor explained that his government has made everything ready for the projects to kick start but has yet to secure profitable investment for them.
When asked about the cause of the delay, the governor responded by saying: “It is money. What have we done? We have made those transactions to be attractive. We have designed. We have designed those models and make them attractive to investors. And we have done everything regarding the fourth mainland bridge. We have done extensive work.
“The alignment, everything has been concluded, the geographical studies, the visibility studies, everything is on the table. It is just the money. And for me, we have to live responsibly.”
Continuing, he said: “We have had concessionaires who will have start with but unfortunately, the kind of request they are asking from us, we cannot grant it.”
This was coming from governor Sanwo-Olu a year after his administration announced it had secured a partnership with the African export-import bank and Access bank for an investment of $1.352 billion in Lagos.
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