Lagos Cable Car, First in Nigeria, to Transform Transport

5 Comments » March 19th, 2013 posted by // Categories: Spotlight

The Nigerian city of Lagos is home to an estimated twenty million people.  A bustling port city, it is continually expanding both The Nigerian city of Lagos is home to an estimated twenty million people. A bustling port city, it is continually expanding both in size and prestige. As well as being a centre of industry, it is also becoming known as a centre of recreation with new music venues and other forms of entertainment being created all the time, particularly on Victoria Island.

However, the current transport situation in Lagos is unfit for purpose. Like any major urban area, transport is a key issue. While walking may be suitable for short distances, most people rely on some form of motorized transport. At present, this essentially means road transport with some commuters spending up to six hours a day getting to work and back, most of this time is spent in stand-still traffic.

The heavy reliance on cars and buses creates huge environmental problems. In addition to the inconvenience inflicted upon commuters, this heavy dependence on road transport contributes greatly to air pollution. It is believed that vehicles are responsible for almost three quarters of Lagos’ air pollution. Studies carried out in 2009 indicated that there were 200,000 vehicles registered each year in Lagos. This is over 20 times the national average.

Lagos Cable Car System

A cable car system will require a dependable source of power.  In the case of the Lagos, this will be provided by a combination of sources, including solar power (for cabin lighting).  In the event of a power failure, the system will still be able to run for 30 minutes on a back-up generator system.

The new cable car will be safe, convenient and comfortable with a total of seven lines proposed for the network.  The first two lines (red and blue) will connect Marina and Agbado and Okokomaiko to Marina respectively.  Each line will have 13 stations, of which three will be shared between them (so there will be 23 stations in total).  Both the stations and the trains will be built with all necessary modern conveniences for passengers such as automatic payment booths, public address systems and electronic information screens.  Inside the trains, there will be CCTV and audio communications systems.  It is believed that the simple fact of moving commuters from motor cars to cable cars will improve safety in Lagos since a study by the Vancouver Metropolitan Transport Agency (undertaken in 2009) indicated that the likelihood of passengers being involved in a fatal accident is twenty thousand times higher in a motor car than in a cable car.  It is also hoped that by reducing the number of cars on the road (by an estimated 9,000 vehicles per day), there will be a corresponding improvement in road safety.

This project is a huge investment in Lagos’ future which could deliver enormous benefits over time although requiring substantial upfront investments.  In this case, the financial expertise is being delivered by Trico Capital International, A specialist financial advisory practice focused on developing infrastructure projects in West Africa. The CEO of Trico Capital, Austine Ometoruwa played a key part from inception through to structuring and developing the project. As the head of co-project sponsor – Trico Capital, he was responsible for contracting the Africa Development Bank (AFDB) and was appointed as the mandated lead arranger for the financing of the project. There is a novel franchise agreement creating a landmark private public partnership contractual structure with Ropeway Transport Limited (RTL) and the government.

This is a significant step for the Lagos State Government in its bid to improve transportation for its residents and also an exemplary scheme other African cities might like follow.

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5 Responses to “Lagos Cable Car, First in Nigeria, to Transform Transport”

  1. Trico Capital International, a specialist financial advisory practice headed by Austine Ometoruwa focused on developing infrastructure projects in West Africa, were one of the key sponsors for the Black Heritage Festival in Lagos 2012/2013

  2. Friday A. says:

    What a good dream for Lagos

  3. The traffic in Lagos is a nightmare so a cable car sounds great! What a shame it doesn’t open until 2015. 

  4. Carla Norton says:

    Thanks for sharing this news. Cable cars sound great for Nigeria and it could change the face of Nigerian transportation. Awaititng for this.
    Thanks Again.

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