Lagos can’t fund Fourth Mainland Bridge alone, says Hamzat
Lagos State Deputy Governor Obafemi Hamzat says the government cannot finance the Fourth Mainland Bridge on its own. The crossing would instead be delivered through a public-private partnership. Under that plan, public oversight would be combined with private funding. Hamzat made clear that the state is not the bridge’s sole financial backer. The arrangement would spread the funding burden between government and commercial investors. The report did not spell out the financing terms or the construction timetable. It also left unclear how construction duties and risk would be divided.
Lagos State Deputy Governor, Obafemi Hamzat, says the government cannot fund the Fourth Mainland Bridge alone and will deliver it via a public-private part Read More: https://punchng.com/lagos-cant-fund-fourth-mainland-bridge-alone-says-hamzat/