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Home Business News Politics

Light Rail Project: UK Will Assist Lagos

Editor by Editor
October 8, 2015
in Politics
Light Rail Project: UK Will Assist Lagos
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  • A team  of London business delegation is currently visiting Lagos State. A major concern of their visit is the Lagos Rail Mass Transit Project (Blue Line project) currently under construction.
  • Leader of the delegation, Lord Mayor of London, Alderman Alan Yarrow yesterday pledged the United Kingdom’s support to the Lagos State Strategic Transport Master-plan.
  • According to Yarrow, they were not unaware of the “frustration of the average commuters” wasting several man-hours to move from one part of the state to the other.

On supports from the UK, Yarrow said “It is all about the structure, protection of the investor, the rule of law and make sure that you have the right contracts in place. I have spent 43 years in the investment banking. I have very often seen stations like this but this is a long way from being finished.
“It is a very existing story to have this in Lagos but it has to be funded because it will do Lagos a lot of good. If we and UK can help, giving the right financing package, we will do so,” said.

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