• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Real Estate and Construction

AFD advances financing plans for Maryland Interchange under Lagos mobility package 

Caleb Obiowo by Caleb Obiowo
November 22, 2025
in Real Estate and Construction, Sectors, Transportation
AFD advances financing plans for Maryland Interchange under Lagos mobility package 
Share on FacebookShare on TwitterShare on Linkedin

The Lagos Metropolitan Area Transport Authority (LAMATA) has announced that the Agence Française de Développement (AFD) is preparing a new round of financing for the Maryland Interchange project.

The disclosure, contained in a statement posted on LAMATA’s official X account, noted that the announcement followed an inspection visit by AFD’s delegation.

According to the statement, the team visited Lagos to assess progress on ongoing mobility projects and to inspect the proposed Maryland Interchange site.

MoreStories

PCN shuts down 751 medicine stores in Gombe

Pharmaceutical companies listed on NGX deliver significant returns in 2025 YTD

November 22, 2025
Illustration of National Grid

DisCo debts flagged as major barrier to new grid projects in Nigeria  

November 22, 2025

The financing being prepared is intended to support the next phase of Lagos’ urban transport development.

During the visit, AFD’s Deputy Country Director, Mahamadou Diarra, expressed satisfaction with LAMATA’s implementation of existing projects and said the financing process for the Maryland Interchange component was progressing. He added that the visit was part of efforts to finalise arrangements for the new funding package.

“The Agence Française de Développement (AFD) has confirmed that it is preparing a new round of financing for the Lagos Metropolitan Area Transport Authority (LAMATA) to complete a key component of the state’s urban mobility master plan.  

“This announcement follows a comprehensive site inspection, which included a visit to the proposed location for the Maryland Interchange project. 

“Speaking during the visit, Mahamadou Diarra, AFD Deputy Country Director, highlighted the positive relationship with LAMATA and expressed satisfaction with the progress of existing projects. He noted that the visit was not just about current implementation, but also about the preparation of new funding that will come to LAMATA for implementation of the Maryland interchange project that is underway,” the statement read in part.

More insights  

LAMATA said the Maryland Interchange is expected to complement existing Quality Bus Corridor (QBC) and interchange initiatives, aimed at enhancing passenger connectivity across Lagos.

The statement noted that the Maryland site is in the advanced stages of agreement within the broader financing framework being finalised with AFD.

It added that the visit also reaffirmed the partnership between Lagos and AFD under the state’s long-term urban mobility plan, which focuses on upgrading infrastructure, expanding transport options, and strengthening key interchange points across the city.

What you should know  

The Maryland Interchange is part of Lagos’ broader plan to enhance urban mobility, complementing the ongoing Quality Bus Corridor (QBC) projects under the Lagos Strategic Transport Master Plan Project (LSTMPP).

The QBC initiatives are designed to improve bus movement by introducing priority signals at laybys and intersections and creating designated bus lanes along key corridors.

  • QBC Package 1 spans 8.7 kilometers from Yaba to Cele along the Oshodi-Apapa corridor, with terminals at Yaba, Ojuelegba, Lawanson, and Cele, and 22 bus shelters. Compensation for affected structures is being processed before construction begins.
  • QBC Package 2 covers the Iju Ishaga to Abule Egba route.
  • QBC Package 3 stretches from Iyana Iba to Igando.

In August 2024, LAMATA awarded contracts to China Road & Bridge, Trucrete Solutions, and Craneburg Construction to implement the QBC projects:

  • China Road & Bridge: Ketu-Alapere-Akanimodo and Yaba-Lawanson-Cele routes (QBC 1)
  • Trucrete Solutions: Iju-Ishaga to Abule Egba route (QBC 2)
  • Craneburg Construction: Iyana Iba to Igando route (QBC 3)

Funded by the Agence Française de Développement (AFD), the projects involve building bus shelters, installing priority traffic signals, and creating laybys to improve bus flow and commuting efficiency for Lagos residents.


Follow us for Breaking News and Market Intelligence.
Caleb Obiowo

Caleb Obiowo

Caleb Obiowo is a graduate of Urban and Regional Planning from the University of Uyo. At Nairametrics, he covers transport and logistics in Nigeria, along with real estate, construction, and aviation. He focuses on delivering clear, easy-to-understand stories and often digs deeper into industry issues through conversations with key players.

Related Posts

FG extends suspension of controversial N25 million FRCN levy amid legislative review 
Economy

Nigeria stands ready to serve as regional marketplace – Jumoke Oduwole 

November 22, 2025
Meet 10 billionaire powerhouses of South-East Nigeria
Billionaire Watch

Meet 10 billionaire powerhouses of South-East Nigeria

November 22, 2025
PCN shuts down 751 medicine stores in Gombe
Exclusives

Pharmaceutical companies listed on NGX deliver significant returns in 2025 YTD

November 22, 2025
CBN, forex
Economy

CBN executes over N5 trillion debt repayments as Banks’ deposit placements fall 

November 22, 2025
Hand holding Nigerian Naira banknotes fanned out, representing currency exchange or financial context
Currencies

Naira slides past N1,450/$1 all week, setting stage for high-stakes MPC meeting 

November 22, 2025
Illustration of National Grid
Energy

DisCo debts flagged as major barrier to new grid projects in Nigeria  

November 22, 2025

Leave a Reply Cancel reply

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

uba
tajbank
arco
access bank
nairametrics
first bank






DUNS

Recent News

  • AFD advances financing plans for Maryland Interchange under Lagos mobility package 
  • Nigeria stands ready to serve as regional marketplace – Jumoke Oduwole 
  • Meet 10 billionaire powerhouses of South-East Nigeria

Follow us on social media:

Recent News

AFD advances financing plans for Maryland Interchange under Lagos mobility package 

AFD advances financing plans for Maryland Interchange under Lagos mobility package 

November 22, 2025
FG extends suspension of controversial N25 million FRCN levy amid legislative review 

Nigeria stands ready to serve as regional marketplace – Jumoke Oduwole 

November 22, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics