Nine contractors shortlisted for Fourth Mainland Bridge project

Nine contractors have been shortlisted for the Fourth Mainland Bridge project.

According to the Lagos State Government, five of the companies are from China, two are from Nigeria and one each from Spain and Turkey.

The firms are Mota-Engil and CCCC Consortium; Power Construction Corporation of China, CGGC-CGC JV, CSCEC, CCECC, IC ICTAS, Julius Berger, IVICSA and Mutual Commitment Company Limited.

The state Deputy Governor, Dr Obafemi Hamzat, made the disclosure on Sunday.

Hamzat said that the state government had decided to finance some key projects on its own due to the unwillingness of some private sector players to put their money into long-term infrastructural projects.

“We are doing so much in the area of roads, but funding is a major challenge. Some will talk of public private partnership, but hardly do you see investors in this environment willing to commit their money into long-term projects like roads.

“So, what we are doing is to use our money to finance what we can at a particular time. We are also raising bonds to fund some of these projects because it’s impossible for government to finance these projects alone,” he added.

He explained that the state was planning to construct another road in the Lekki/Ajah axis to divert traffic from the Lekki-Epe Expressway.