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Wednesday, February 21, 2024

Lagos Announces CCECC as Successful Bidder For $2.5B Fourth Mainland Bridge

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Lagos State government has announced CCECC & CRCCIG Consortium as the preferred bidder for the construction of the Fourth Mainland Bridge.

A public notice jointly signed by Special Adviser, Lagos State Ministry of Works and Infrastructure, Aramide Adeyoye and Special Adviser to the governor on Public Private Partnership (PPP), Ope George, said Mota-Engil (Nigeria & Africa), CCCC & CRBC consortium has been selected as the reserved bidder for the project.

The duo congratulated the preferred bidder and the reserved bidder, saying, “We thank all the applicants that have participated in the Selection/Bidding thus far. In accordance with the RP Stage 2, the state government will commence the negotiation of the Draft Concession Agreement with the preferred bidder.”

The state government, through its Office of Public-Private Partnerships, had earlier shortlisted three bidders for the project. The three are: Mota-Engil (Nigeria & Africa), CCCC & CRBC consort; CGGC-CGC Joint Venture and CCECC & CRCCIG Consortium.

In a statement the Special Adviser to the governor on Public Private Partnership (PPP), Ope George, said the 4th Mainland Bridge is a proposed Public Private Partnership (PPP) transport infrastructure development, which includes the construction and operation of a greenfield tolled road and bridge with a design speed of 120kmh, including the development of adjacent real estates.

George said the idea of constructing the fourth mainland bridge was aimed at reducing severe congestion on the existing Third Mainland Bridge, while opening new areas for future development, noting that the project is expected to cost about $2.5 billion.

“It is expected to span about 37 kilometres, starting from Abraham Adesanya Street in Ajah on the Eti-Osa-Lekki-Epe corridor and transverses the North West towards the lagoon shoreline of the Lagos-Ibadan Expressway via Owutu/Isawo in Ikorodu.”

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