by Opeoluwa Quadri
The light rail project was initially due for completion in 2011, The project however suffered delay due to funds. The project has been postponed on several occasions. Lagos light rail project is reputed to cost the state government $1.2 billion.
The multi billion naira project runs from Marina, through to Ebute Ero to Fertilizer to the National Theartre down to Orile, Mile 2, Trade fair and to Badagry. Lagos is doing a lot on many fronts. Perhaps that is the reason why it is becoming difficult to complete the project in due time.
[Read also] The emerging Light Rail Mass Transit
The former governor of Lagos state, Babatunde Fashola before handing over lamented that the Federal government did not support the state on the project. Perhaps putting that forward as a reason for the delay experienced on the project. The Lagos state government has secured some funds from the World Bank for the project according to Ventures Africa.
Yet the project stalls due to inadequate funds
Could it be that Lagos is over burdened with several projects on all fronts, so that it becomes difficult to deliver these projects within the stipulated time?, It is also important to state that most of the projects in the state are PPP driven and a large section of them are financed with borrowed funds.
The advantage in all these projects is in the economic potential the state would derive from them, and the fact that it puts the state in a vantage position to get more foreign direct investment.
[You may also like:] Image report on the status of the Lagos light rail project from the Orile axis
Funds is a major challenge to the Lagos light rail project, the reason for the delay in the completion of the project. But the light rail project in Lagos is not a project to be abandoned, the state would definitely give it all what it takes, the economic potential is huge for the state, it is also an infrastructural leap.
How long we would await the delivery of the project is a question we might not be able to answer but sooner or later, it would be delivered, this is because the light rail project is a desideratum, a part of a new Lagos.
Fabulous, what a website it is! This website provides
helpful facts to us, keep it up.
Hello i am kavin, its my first time to commenting anyplace,
when i read this paragraph i thought i could also create comment due to this sensible paragraph.
Thank you, I have recently been searching for info approximately this subject for a while and yours
is the best I have came upon so far. However, what concerning the bottom line?
Are you sure concerning the supply?
I am sure this paragraph has touched all the internet people, its really really good
post on building up new website.
What’s Taking place i am new to this, I stumbled upon this I have discovered It absolutely helpful and it has helped me out loads.
I’m hoping to give a contribution & assist other users like its aided me.
Excellent post. I was checking continuously this blog and
I’m impressed! Extremely helpful info particularly the last
part 🙂 I care for such information a lot. I was seeking
this particular info for a long time. Thank you and good luck.
Hey there! Quick question that’s entirely off topic.
Do you know how to make your site mobile friendly? My blog looks weird when viewing from my iphone 4.
I’m trying to find a template or plugin that might be able to
resolve this problem. If you have any suggestions, please share.
If some one needs to be updated with most recent technologies after that he must be visit this web site and be
up to date everyday.
Your style is very unique in comparison to other folks I have read stuff from.
Many thanks for posting when you’ve got the opportunity, Guess I will just book mark this page.
I am in fact glad to read this web site posts which includes tons of helpful information, thanks for providing such statistics.
Hi there it’s me, I am also visiting this website daily, this web page
is really fastidious and the people are truly sharing fastidious thoughts.