| Project Detail |
The project will implement a waterborne, urban and mass public transport network in Lagos, by developing water corridors and related facilities. More specifically, it concerns the purchase of fully electric small-scale vessels, the construction of new passenger stations and jetties, the establishment of inland water transport (IWT) operations as well as new maintenance facilities for the fleet.
Objectives
The aim is to enhance the existing Lagos State IWT system, which is expected to play an increasing role in the local urban mobility. The project is consistent with the Lagos 30-year development plan (2022-2052) which recognises that moving people by water is a unique asset and sustainable way of adapting the transport system to sea level rise. This is also also in line with the Lagos State Climate Action Plan (2020-2025) and Lagos Strategic Transport and Mobility Master Plan (2014-2032), which aims to increase the share of IWT in the total daily trips from less than 1% today to 8% by 2032.
Sector(s)
Transport - Transportation and storage
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 170 million
Total cost (Approximate amount)
EUR 410 million |
