Due to some controversies surrounding the Cross River State Superhighway Project, the publisher and editor in chief of CrossRiverWatch and the former chairman of the Association of Cross River Journalists (ACROJ) who now anchors a weekend show on Hit 95.9 FM Calabar, titled ‘Dialogue with Agba Jalingo’ says he needs someone to breakdown the Superhighway just like the one for 4th Mainland Bridge below.
Useful Information About Proposed 4th Mainland Bridge:
LENGTH: 38km (25km on the Mainland axis, 8km on the Lagos Lagoon and 5km in the Lekki axis)
TYPE OF BRIDGE: Four-lane, dual-carriageway
NO OF STRUCTURES TO BE AFFECTED: 800 (Eight hundred)
ESTIMATED COST: N844billion
COST OF LAND ACQUISITION AND COMPENSATION: N20billion
COST OF RELOCATION OF THE STRUCTURES TO BE AFFECTED: N17billion
BRIDGE-BUILDING CONSORTIUM: Julius Berger Nigeria & Hitech Construction
FINANCING CONSORTIUM: Africa Finance Corporation (Lagos-based
), Access Bank & J.P. Morgan
(USA-based banking giant)
TYPE OF CONTRACT: Build, operate and transfer (BOT)
CONCESSION PERIOD: 40years
INVESTMENT ATTRACTIVENESS: Heavy vehicular traffic and massive population to be served
PAYBACK PERIOD: 15-20years (as projected by Ayodeji Ebo, Head of Investment Advisory, AFRINVEST, the Lead Adviser for the development of Lekki-Ikoyi Bridge)
CO-ORDINATOR: Visible Assets (headed by pastor idowu iluyomade)
FACILITATOR: Lagos State Government
Please, start forwarding or dropping your comments in the comment section in lieu of Agba’s question. Thanks.