Nigerian Ropeways Transport has signed a 30-year agreement with the Lagos state government for the establishment of a US$500mn cable car urban transit system to ease traffic congestion in the rapidly expanding state
According to Nigerian daily, BusinessDay, Ropeways Transport will begin the construction of towers, stations and connecting network cables along mapped out routes in November 2013.
Ropeways Transport CEO Dapo Olumide said, “By complementing existing transport modes, the Lagos Cable Car Transit System will play its part in reducing the traffic congestion in the city.”
The project will be partly financed by the African Development Bank and is expected to be completed by early 2015.
The cable car transit system will create approximately 500 direct jobs following completion and commuters will have to pay between US$1.28 and US$1.92 per trip.
To ensure the safety of passengers, Ropeways Transport will implement various standard safety features in the transit system such as CCTV monitoring, audio communication links and passenger address storing systems.