Home Finance Private firm to invest $27m in Lagos airport’s ground transport
Finance - July 4, 2018

Private firm to invest $27m in Lagos airport’s ground transport

Lagos International Airport

The Minister of State for Aviation, Senator Hadi Sirika, revealed that a private company, Elysium Integrated Development Company, has submitted a US $27 million investment proposal in a mass transit ground transportation structure at the Murtala Muhammed Airport, Lagos.

According to a statement by James Odaudu Deputy Director of Media and Public Affairs at the Ministry of Transport, Senator Sirika made the disclosure at the inauguration of the project team for the construction of the new office and staff quarters for the Federal Airports Authority of Nigeria (FAAN) in Abuja.

According to Sirika, it was an irony that FAAN that had the mandate of building and managing airports in the country did not have a befitting office complex in the FCT, while its employees lacked adequate and befitting residential quarters.

He said the team also had the mandate to find and identify potential PPP partners and tasked them to consider an unsolicited proposal from a firm, Elysium Integrated Development Company, to invest $27 million in a transit ground transport structure at the Lagos airport.

FAAN Managing Director, Saleh Dunoma, who is also the project team leader, said the team would work with the minister on his commitment to addressing the infrastructure deficit in the sector.

He pledged the team would be meticulous and swift in carrying out its assignment, adding that the mandate would be seen as a call to national service, which demanded commitment and efficiency.

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