Lagos-Ibadan Expressway reconstruction

Overview:

• The Infrastructure Bank Plc and Motorways Asset Limited secured N170 billion of funding to reconstruct the 127.6km Lagos-Ibadan Expressway, one of Nigeria's oldest road networks, via a public-private partnership. 
• Work initially stalled, but as of June 2016 was back underway. 
• The project company initially raised a bridge finance for the early operations, and a secondary tranche of financing. 
• Julius Berger won the concession to carry out the repairs. 

John Crabb - Journalist