The Lagos State Debt Management Office (DMO) today, inspected projects partly funded with N87.5 Billion Bond Series in order to ascertain level of progress in preparation for the Securities and Exchange Commission (SEC) visit and also to ensure that the funds were properly expended.
The Inspection team was led by the Permanent Secretary, (DMO) Mr. Olujimi Ige who expressed satisfaction with the status of work done on the project noting that the project was abandoned sometime in 2016 with the hope that the project will be ready for use soon.
The Rail project which is expected to run from Badagry to Marina, will have several platforms for passengers to buy tickets, embark and disembark from the platform.
According to the Engineers handling the project, the Mile 2 to the National Theatre section which is phase II and III is 98% completed while phase IV is from the National Theatre to Marina. Some areas of the platform are elevated (Igannmu to Marina) while some are on ground in the middle of the Lagos-Badagry Expressway.
The Engineers also explained four stations have been completed as well as other elements which include the tracks works while the phase IV bridge works remains some small sections on which work is currently ongoing
The Blue Rail project is expected to improve connectivity between Badagry and Lagos in a more efficient travel time.
Adepeju Kassim
Public Affairs officer
Debt Management Office
20th November, 2020
