The Fourth Mainland Bridge project will be finished in four years, the Lagos State government announced on Friday.
It would cost $2.5 billion.
Mrs. Aramide Adeyoye, Special Adviser to Governor Babajide Sanwo-Olu on Works, made the announcement in Ikeja, at a press conference to introduce the preferred contractor to carry out the project.
Adeyoye predicted that the bridge’s construction will start in the first quarter of 2023.
She claimed that while Mota-Engil (Nigeria and Africa), China Communication Construction Company, and CRBC Consortium were the project’s reserve bidders, Messrs CCECC-CRCCIG Consortium had won the bid.
52 bidders first expressed interest in the project, of which 32 responded, according to the governor’s adviser.
She said that 15 of the 32 bidders showed additional interest, of which six satisfied the requirements and were subsequently reduced to three before the winning bid was chosen.
According to Adeyoye, the 37 km bridge’s construction, which would begin at Abraham Adesanya, Ajah, in the Eti-Osa Local Government Area and end at the Lagos-Ibadan Expressway, will have an impact on 800 structures.
It would cross some Ogun State territory in Owutu/Isawo, Ikorodu, and other places.
She said that a framework for compensating owners of impacted structures existed, guaranteeing that all parties involved would get fair compensation.
Adeyoye stated that the bridge would include nine interchanges, three toll plazas, and joint finance from the state government and the building business.
The deal, according to the Special Adviser, is a 40-year plan for the concessionaire to manage and maintain the bridge and recover investment in the undertaking.
She asserted that the construction of the Fourth Mainland Bridge would free up space on the Carter, Eko, and Third Mainland Bridges and allow for future expansion of the state.
She pleaded with the populace to have faith in Gov. Sanwo-Olu’s administration to fulfil its promises of development.
The briefing was organised as a collaboration between the Office of the Public-Private Partnership (OPPP) and the Ministry of Works and Infrastructure.
Selecting the preferred bidder was a difficult assignment, according to Mr. Ope George, special adviser to the Governor on OPPP.
George claimed that when it was opened in 2019 when the current administration assumed office, the bidding process took 1,129 days to complete.
When the bridge is finished, it will be one of the legacy initiatives of Governor Sanwo-Olu’s administration, he said.
