Lagos Governor Seeks Investors for $1.9 Billion Rail Project at Africa Investment Forum

Babajide Sanwo-Olu, the governor of Lagos, has expressed interest in seeking investors for the proposed $1.9 billion purple and green rail lines at the ongoing Africa Investment Forum (AIF) Market Days in Rabat, Morocco. Sanwo-Olu highlighted the project as a promising investment opportunity with significant returns.

The purple rail line, a 60 km electrified rail system encompassing 16 stations, is expected to serve over 300,000 passengers daily, reducing greenhouse gas emissions by encouraging a shift from road to rail transportation. He detailed the immediate need for $866.05 million for survey, design, and civil works, and outlined short-term and long-term funding projections. The governor emphasized a broader transportation master plan aimed at enhancing connectivity, reducing traffic congestion, and improving public health

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