Lagos Metropolitan Area Transport Authority (LAMATA) is steps further into receiving funding as the appraisal process with African Development Bank (AfDB) for the proposed financing of the Lagos Rail Mass Transit (LRMT) Green Line Project has commenced.
This follows the high-level stakeholder engagement by LAMATA, in collaboration with the Ministry of Finance Incorporated (MOFI) held at Lagos Oriental Hotel, Victoria Island on Friday which formed a part of AfDB’s appraisal process.
The engagement which served as a process aimed at evaluating the project’s preparedness for financing, with emphasis on the project’s social, environmental and institutional compliance also brought together senior government officials, development partners and private sector representatives.
Lagos State Commissioner for Transportation, Oluwaseun Osiyemi; Permanent Secretary of the Ministry of Transportation, Olawale Musa; and LAMATA Managing Director, Abimbola Akinajo, who led the agency’s executive management team were present.
The meeting was focused on the Green Line project, especially on Phase 1A, which is to stretch from the Lekki First Toll Gate to Sangotedo. The corridor is designed to ease traffic congestion, aid proper movement and support economic growth along the Lekki-Epe axis.
Other issues addressed include the route alignment, implementation strategy, land acquisition process, compensation framework and traffic management plans designed to minimise disruptions during construction, keeping stakeholders in the know.
Community leaders and residents were given the opportunity to seek clarifications and contribute to the project.
LAMATA addressed its commitment to delivering the Green Line in line with international best practices and pledged strict adherence to environmental and social safety standards.
The Authority also promised to maintain transparency with affected communities and businesses through the implementation process.
Ganiyyah Fashina