Lagos Deputy Governor Hamzat on Fourth Mainland Bridge Funding

Obafemi Hamzat, the Lagos State Deputy Governor and All Progressives Congress governorship candidate, affirmed the state government's commitment to constructing the Fourth Mainland Bridge during an interview on Lagos Television. He emphasized that the project would be financed through a public-private partnership, as the state cannot afford to fund it alongside significant rail projects.

Hamzat noted that discussions with prospective investors are ongoing, with interest from investors in Portugal, China, and other regions. He explained that the project has been designed, and its costs assessed, with private-sector professionals engaged to assist in negotiations.

Hamzat highlighted the importance of toll payments in attracting private investors, stating that assurance of revenue generation is crucial for investment. He expressed concerns about excessive borrowing to finance the bridge, indicating that the government aims to avoid financial pressure.

The Fourth Mainland Bridge is intended to enhance connectivity across Lagos and provide an alternative route to alleviate congestion on existing roads.