Lagos State Governor, Akinwunmi Ambode said the State Government will formally sign a Memorandum of Understanding (MoU), with investors for the construction of the proposed 4th Mainland Bridge before the end of May 2016.
Ambode revealed this while speaking at the First Quarter 2016 Town Hall Meeting, the third in the series, held at the Ikorodu Town Hall, Ikorodu, on Thursday.
The governor assured residents of the community that once the MoU is signed, work would begin on the 4th Mainland Bridge, which would be a way to boost the economy of Lagos East Senatorial District.
“Many investors have shown interest in the actualization of our dream for the 4th Mainland Bridge which will run from Ajah to Ikorodu to Isawo and berth at Ojodu, Ikeja back to the Ibadan expressway. By the grace of God, we will sign an MoU and commence action before May 29,” the governor said.
He disclosed that investors have equally shown interest in the redevelopment of the fish market to an international Fish Market and the redevelopment of inner roads in Epe and Ibeju-Lekki.
Ambode said the intention of his administration is to ensure that no part of the state is left undeveloped, expressing optimism that the Lagos East Senatorial District which used to be the economic hub of the state in the then Western Region will regain its position.
“Over the years, the economic activities have continually dwindled resulting in urban migration, underdevelopment and unemployment. It is with a view of revitalising the economic activities of this zone that Government has identified the need for urgent intervention,” he added.
he said government will be relocating the Mile 12 Market to Imota. “Work on this will commence next week. Our vision is to make the East Senatorial Zone economically viable and liveable,” he said.