Lagos earmarks N102 bn to build Lekki Int’l Airport

on   /   in News 5:13 am   /   Comments

By Olasunkanmi Akoni & Monsur Olowoopejo
The Lagos State Government is to spend N102 billion ($ 650 million) on the construction of the Lekki International Airport which is expected to commence operation in May 2012.

The Commissioner for Commerce and Industry, Mr. Adeniyi Oyemade, a Public Private Partnership projector told reporters in Ikeja that the proposed airport would handle 5 million passengers annually.

“The state government has obtained the site approval for the airport from the Federal ministry of Aviation and completed the master plan on the 3500 hectares of land for the project.

The Governor has also approved the conduct of the topographical and geotechnical survey of the 3500 hectares of land allocated for the Airport,” he said. Its construction will engage over 2,000 direct and indirect workers.

Also speaking on the project the Special Adviser to the Governor on Commerce and Industry, Mrs. Olusola Oworu, said “the state government believes that this is an investment that can be run only by the private sector because it is commercially viable to have the second international airport in Lagos state which will be running at maximum capacity.

“What the state government will do for the private companies is to create an enabling environment for the investors.  And as we speak today, the state government has appointed a commercial adviser who will assist the state government in putting the data’s that will be sent out to prospective investors who will send in their codes for the project,” she added.

The state government has appointed Mace Group, a United Kingdom based firms International Development Unit (IDU) team as the project manager for the preparation of a master plan for the new Airport   which will be built next to the 16,500ha Lekki Free Trade Zone.

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