The Lagos State Government says it is currently executing capital projects worth N1 trillion across the state.
The projects include the blue line intra-city rail system, roads, houses, jetties, water works, dredging of river and water channels, courts and classrooms.
Gov. Babatunde Fashola, told newsmen on Saturday in Lagos that the state needed more funds to complete them before May 2015.
“All the projects cost over N1 trillion and we do not have enough funds for now.
“The projects are at the various stages of completion; the challenge before us is funds. We hope to deliver the projects before the end of the life of this administration,” he said.
“On the light rail project alone which has gulped billions of naira, 98 pillars that will carry the train will be constructed between National Theatre and Marina on the Island.
“It will be completed in phases; Mile 2 to National Theatre will be ready this year.”
Fashola said the government had awarded the second phase of the project, including the rail and the 10-lane road expansion from Mile two to Okokomaiko, to China Civil Engineering Construction Corporation (CCECC).
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