The Lagos State Government says the construction of the proposed Fourth Mainland Bridge would cost $2.5 billion.
The state government also said the bridge would be completed within four years.
The Special Adviser to Governor Babajide Sanwo-Olu on Works, Aramide Adeyoye, made declaration at a press briefing in Lagos on Friday.
Adeyoye said the construction of the bridge would begin in the first quarter of 2023.
She said Messrs CCECC-CRCCIG Consortium won the bid for the project while Mota-Engil (Nigeria and Africa), China Communication Construction Company, and CRBC Consortium emerged as reserve bidders.
The governor’s aide said 52 bidders initially indicated interest in the project, out of which 32 were responsive.
She stated that 15 out of the 32 bidders indicated further interest, out of which six met the criteria and were later pruned to three, before the winner was eventually picked.
READ ALSO: Preferred bidder emerges for Lagos 4th Mainland Bridge construction
Adeyoye said 800 structures would be affected by the construction of the 37km bridge, which would start from Abraham Adesanya, Ajah, in Eti-Osa Local Government Area and terminate on the Lagos-Ibadan Expressway.
She disclosed that it would pass through Owutu/Isawo, Ikorodu, and some parts of Ogun State.
She said there was a framework to compensate owners of structures to be affected, assuring that all affected individuals would be adequately compensated.
Adeyoye said the bridge would have three toll plazas and nine interchanges, adding that the funding was a partnership between the state government and the construction company.
The Special Adviser said the agreement was a 40-year plan for the concessionaire to operate and maintain the bridge, as well as recoup investment on the project.
She stated that the Fourth Mainland Bridge would remove gridlocks on the Carter, Eko, and the Third Mainland Bridge and open up the state for future developments.
She, therefore, urged the residents of Lagos State to have confidence in the administration of Governor Sanwo-Olu to deliver on its developmental promises.
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