Nigeria: Plans to launch US $70 million Oshodi Bus Transport Interchange

Nigeria: Plans to launch US $70 million Oshodi Bus Transport Interchange

By Teresia Njoroge
Construction Review

Nigeria is set to launch the US $70 million Oshodi Transport Interchange. Officials of the Lagos State Government announced the reports and said the project will be inaugurated by President Muhammadu Buhari.

The officials described the transport interchange, as one of its kind in Africa, which he said, was similar to Victoria Terminus in London, in the United Kingdom. The transport interchange was a people-oriented project that would help at least 1 million residents commute easily daily.

The development is being constructed by an indigenous construction firm, Planet Project Limited under the leadership of Mr. Biodun Otunola. The project will be completed through a Public Private Partnership(PPP) initiative between the Lagos State Government via Ibile Holdings, Translink Capital Development Limited and Planet Projects Limited.

Each bus terminal will be 30,000 square metres (322,917 square feet) and will include standard facilities such as waiting areas, loading bays, ticketing stands, driver lounge, parking areas, rest rooms among others. Several financial institutions have also expressed interest to be part of the project.

The Redevelopment of Oshodi will greatly enhance the security of lives and properties in the neighborhood. The government seeks to transform Oshodi into a world-class Central Business District (CBD) with business, travel and leisure activities conducted in a serene, secure, clean, orderly and hygienic environment, comparable with other transport terminals around the world including Stratford and Victoria Bus Station in the United Kingdom.

According to Lagos State Government (LASG), Oshodi currently accommodates about a million pedestrians and 100,000 passengers who utilize the 13 parks on a daily basis.
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