In case you missed it, Babajide Sanwo-Olu, the Lagos state governor has expressed his excitement over the steady progress made by the state in securing financial commitments towards the proposed Purple Line railway project.
Speaking at the Africa Investment Forum Market Days on Wednesday, Sanwo-Olu presented the state’s investment strategy for the Purple Line.
He assured that the Purple Rail Line represents a viable investment opportunity with promising returns and declared that his administration is excited to move forward with the project.
Sanwo-Olu further revealed that the Purple Rail Line, a 60 km electrified rail system, will include 16 stations and seamlessly integrate with existing metro and BRT services.
According to him, it is projected to serve over 300,000 passengers daily, significantly reducing greenhouse gas emissions by encouraging a shift from road to rail transportation.
“At the Africa Investment Forum Market Days, I presented our investment strategy for the Purple Rail Line project.
“The Purple Rail Line is a 60 km electrified rail system that will include 16 stations and seamlessly integrate with existing metro and bus services to enhance connectivity.
“It is projected to serve over 300,000 passengers daily, significantly reducing greenhouse gas emissions by encouraging a shift from road to rail transportation.
“I am pleased to share that we have secured substantial funding commitments, as the Purple Line represents a viable investment opportunity with promising returns. We are excited to move forward with this project.
“I also participated in a pre-deal room meeting organized by Dr. Akinwumi Adesina, President of the African Development Bank, regarding the Nigeria Special Agro-Industrial Processing Zones Program (Nigeria SAPZ),” Sanwo-Olu said on his X account.
The 60 km rail is designed to run through Mowe, Long Bridge, Isheri, Omole, Ogba, Agege, Iyana Ipaja, Isheri Osun, Igando, Iba Estate, LASU, Okokomaiko, and Ojo.