Governor Babajide Sanwo-Olu of Lagos signed a Memorandum of Understanding (MoU) with the Ministry of Finance Incorporated (MOFI) and China Harbour Engineering Company (CHEC) in China to kick-start the state’s Green Line project.
The Blue Rail Line, which spans from Mile II to Marina, has facilitated the transportation of more than two million commuters within a year, while The Red Rail Line, stretching from Onyingbo to Agbado in Ogun State, is currently undergoing test runs and will soon commence commercial operations.
The Green Line is a 68km railway route linking the Lekki Free Trade Zone to the Blue Line in Marina.
The governor announced the MoU signing on his social media, saying:
“At its launch, this rail line is expected to transport over 500,000 passengers daily, with the number rising to over a million as demand grows. By spearheading the design, financing, and operation, the Ministry of Finance Incorporated and CHEC will redefine public transportation in Lagos.
“This project will complement our existing rail lines, including the already partially operational Red Line. Together, these lines constitute the core of our Strategic Transport Masterplan, aimed at establishing a rapid, efficient, and interconnected Lagos.”
He added that the impact of these projects extends beyond transportation as they serve as driving forces for economic growth and improve the quality of life for millions.
Additionally, the government has inked an MoU with a Chinese food processing company, Yihai Kerry Arawana Holdings Co. Limited, to boost productivity in the rice value chain and reinforce food security.
Dr Oluwarotimi Fashola, the Special Adviser to the governor on Agriculture (Rice Mill Initiative), signed the MoU on behalf of the Lagos State government, while Mr Wang Wei, the Group Director of the Rice Industry Division at Yihai Kerry Arawana Holdings Co. Limited, signed for the rice firm.