Lagos can’t fund Fourth Mainland Bridge alone, says Hamzat

Lagos State Deputy Governor Obafemi Hamzat has emphasized that the state government cannot finance the construction of the Fourth Mainland Bridge alone while also funding major rail projects. Speaking during an interview on Lagos Television, Hamzat stated that the project would be completed through a public-private partnership (PPP) and that discussions were ongoing with potential investors from Portugal, China, and other countries.

The bridge design has been finalized, and costs assessed, with private-sector professionals assisting in negotiations and other aspects of development. Hamzat stressed that the government is avoiding excessive borrowing to prevent financial strain, and that investors require assurance that they can recover their investments through toll revenue.

He urged investors to address concerns regarding toll payment reluctance among road users, emphasizing that showcasing traffic data and infrastructure needs would be crucial to convincing investors of the project's viability.