By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The NewsmatricsThe NewsmatricsThe Newsmatrics
  • Homepage
  • News
    • Latest
    • From the state
    • Science and Tech
    • News Unusual
  • Politics
  • Business
    • Aviation
    • Maritime
    • Personal Finance
  • Entertainment
  • Health
  • Lifestyle
  • Opinion
  • Sport
Search
  • Advertise
© 2024 The News Matrics. By Datech.ict. All Rights Reserved.
Reading: AfDB shows interest in funding Lagos rail projects
Sign In
Notification Show More
Aa
The NewsmatricsThe Newsmatrics
Aa
  • Homepage
  • News
  • Politics
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Opinion
  • Sport
Search
  • Homepage
  • News
    • Latest
    • From the state
    • Science and Tech
    • News Unusual
  • Politics
  • Business
    • Aviation
    • Maritime
    • Personal Finance
  • Entertainment
  • Health
  • Lifestyle
  • Opinion
  • Sport
Have an existing account? Sign In
Follow US
  • Advertise
© 2024 The News Matrics. By Datech.ict. All Rights Reserved.
BusinessNews

AfDB shows interest in funding Lagos rail projects

Last updated: 2025/01/10 at 7:49 AM
tnm
2 Min Read
Advertisements

 

The African Development Bank (AfDB) Thursday pledged to work with the Lagos Metropolitan Area Transport Authority (LAMATA) to develop another rail line.

This development which will boost the state transport, also comes with the interest of the development bank to partner with LAMATA to expand the capacity of the existing rail system.

AfDB Vice President, Private Sector Infrastructure and Industrialization, Solomon Quaynor gave the assurance during a visit to LAMATA in the company of Mayowa Ayodele, Non-Sovereign Operations and Private Sector Equity Specialist, ahead of a visit of the technical team to assess the Purple line.

Advertisements

The Purple Line is a 60-kilometres railroad from the Redemption Camp in Ogun State, traversing Berger, Agege and Alimoso and terminating at Volkswagen to join the Blue Line.

The visit by Quaynor follows a recent pitch for investment on the 60-kilometre Lagos Rail Mass Transit (LRMT) Purple Line at the AfDB forum in Morocco by the Lagos delegation led by Governor Babajide Sanwo-Olu.

During the visit, he discussed collaboration on the project and other lines outlined in the Lagos Strategic Transport Masterplan (STMP)

The delegation which toured the LRMT Blue Line and expressed satisfaction with the progress of the Blue Line rail system, was warmly received by Engr. Abimbola Akinajo, Managing Director of LAMATA; Engr. Olasunkanmi Okusaga, Director of Rail Transport; Kemi Williams, Consultant Policy and Programme; and Kolawole Ojelabi, Head of Corporate Communication.

This visit signifies a significant step forward in securing funding and expertise for the ambitious rail projects envisioned for Lagos, to further enhance the city’s transportation infrastructure and improve the quality of life for its residents.

 

[ruby_related total=5 layout=5]

TAGGED: African Development Bank, Lagos rail projects, LAMATA
Previous Article NUJ backs proposed strike by Lagos-owned media workers
Next Article Nigeria was so beautiful – Chloe Bailey speak on dating Burna Boy
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

The NewsmatricsThe Newsmatrics
Follow US
© 2024 The News Matrics. By Datech.ict. All Rights Reserved. Contact: 08057511900
  • About Us
  • Contact Us
  • Advert rates
  • Privacy Policy
Welcome Back!

Sign in to your account

Lost your password?