Director-General of the Public-Private Partnership, Ope George, has disclosed that construction of the proposed Fourth Mainland Bridge will cost $2.5bn.
He disclosed this while speaking with journalists at an event to mark Governor Babajide Sanwo-Olu’s second year in office.
The bridge is expected to connect Lagos Island through Lekki, Langbasa and Baiyeku towns, and across Lagos Lagoon to Itamaga in Ikorodu.
It is projected to be the longest bridge in Africa.
Governor Sanwo-Olu had in September 2020 said that the construction would cost $2.2bn.
George said, “The preferred bidder of the six bidders who tendered their bids will be determined in October.
“The project will be funded under PPP and is presently undergoing technical processes to eliminate glitches.
“The state is at a critical point where glitches have been identified and are being addressed to finalise processes so the project can start.”