The Mono rail construction project in Nigeria has received a major financial boost from Japan and France, The Lagos State Government has revealed.The rail is expected to link Marina, Ikoyi and Lekki
The project is expected to boost the state government’s effort to sustain its mega city status. Both countries have earmarked the funds following the previous achievements by the state government.
However, the release of the fund will be determined by the results of a feasibility study, for JICA to commit the sum of US$1bn to the project if the result of the preliminary survey is validated by the feasibility study amongst other conditions. Detailed feasibility study has been commissioned on the monorail project to validate the initial survey.
The state population has continued to rise exerting pressure to partner with other states governments in improving the living standard of the state residents. However, the government has secured US$100m loan from the French Government to upgrade slums in the state.
The mono rail project will connect Marina to Victoria Island and Ikoyi. Nonetheless, Japanese International Cooperation Agency has bid to expanding its development partnership with the Lagos State Government in urban mass transportation. Monorail project is described to be an urban mass transportation project different from the ongoing Light Rail (Blue Line) project designed to connect 12miles to CMS and the Light Rail (Red Line) project.
According to Akinyemi Ashade, Commissioner for Economic Planning and Budget, the main objective of the project is to observe the preliminary survey on Mass Rapid Transit outcome, MRT system in Lagos metropolis conducted by JICA and Lagos Metropolitan Transport Authority, LAMATA.