Lagos, Japanese firm seal deal on $1bn rail project

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Nigerian Railway Train Station

Japan International Cooperation Agency (JICA) and the Lagos State Government have unveiled the Lagos Urban Railway Development project which is aimed at paving the way for a new transportation system to be called the Automated Guide Transit (AGT) a type of monorail.

The survey titled: “Lagos Urban Railway Development Project in the Federal Republic of Nigeria, “was revealed at a seminar held last week in Ikeja with all the relevant stakeholders in attendance. The study showed that the new transportation system would help mitigate traffic congestion and improve the environment in Lagos State.

The monorail project would run from Marina to Victoria Island and Ikoyi. Speaking at the event, the Lagos State commissioner for transportation, Dr Dayo Mobereola, stated that the project was estimated to be executed at about $1 billion dollars, a huge percentage of which would come from the private sector.

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