[Infographic] The Lagos Cable Car, Nigeria & Investment in Africa

No Comments » April 5th, 2013 posted by // Categories: Nigeriawatch



Lagos cable car project & investment in Africa
This infographic was designed for Trico Capital, founded by Executive Chairman Austine Ometoruwa

With over 20 million inhabitants, Lagos is a fast-growing megacity. The existing roads are very overcrowded with Lagosians spending up to 6 hours of their work day commuting in heavy traffic.

The cable car transport project, which will be affordable to all, will relieve pressure on the road network and reduce average journey times by as much as 70 minutes each way, taking up to 9,000 vehicles off the roads each day, alleviating congestion and reducing pollution. The system will accommodate up to 240,000 trips per day.

Trico Capital, founded by Executive Chairman Austine Ometoruwa, is the financial adviser to Ropeways Transport Limited, the sponsors of the $275 million USD transport project to develop a network of cable cars serving the metropolis of Lagos and connecting Lagos Island with both the mainland and Victoria Island.

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