The administration in Lagos State has spent up to two hundred million euros on the first phase of ongoing Light Rail Project in the state, popularly known as Blue Line.
The Blue Line Light Rail runs from Badagry in the western flank of Lagos to Marina on the Island.
Commissioner for Transportation, Ladi Lawanson, said the administration of Governor Akinwunmi Ambode had spent between one and two hundred million euros since it inherited the project from the previous administration.
According to him, putting funds together, providing independent power system and bringing all the technical components of the project together have pushed the completion date of the project to twenty-twenty-two.
On the Red Line aspect of the project, also known as phase two, which will run from Marina to Agabado in the northern flank of Lagos, Lawanson said discussions with potential partners and financiers had commenced.
“Putting a rail project together requires a lot of patience and resourcefulness in terms of financing – where the financing will come from and who we are going to use.
“We just finished the procurement stage of the Blue Line, but we can tell you that we are in discussion with potential partners and financiers for the Red Line.
“However, no entity has been committed.”
He re-stated that the Red Line would be the second stage of the project.
“It is meant to cover the most densely populated parts of Lagos State.
“We expect that it would have the biggest impact in terms of number of people to be conveyed,’’ Lawanson said.
