By Olawale Abdul-Fatah
Reacting to Lagos residents appeal for the construction of 4th Mainland Bridge, as solution, the State Governor, Babajide Sanwo-Olu, has said that the State does not have the financial capacity to build the facility.
Sanwo-Olu made the revelation while answering questions as a guest on a popular television’s flagship programme on Wednesday.
The governor hinted that his administration will make use of private equity to achieve completion of the project.
“Two weeks ago, we advertised for the expression of interest from construction firms around the world for the 4th mainland bridge project. Our total budget for next year is about $3 billion and that’s the highest in the country. The 4th mainland bridge, from the design, we have seen that it is a 37 kilometre road. We cannot handle it alone so we are going to use private equity.
‘‘We have advertised. We have the alignment, we have the right of way and all of the biometric study. Let everyone worldwide come and play a role”.
