Sanwo-Olu presents Purple Rail Line project
Lagos State Governor, Babajide Sanwo-Olu
Abdullateef Fowewe
Lagos State Governor, Babajide Sanwo-Olu in a meeting with the Africa Investment Forum Market Days on Wednesday, December, 4, presented the investment strategy for the Purple Rail Line Project.
Sanwo-Olu while revealing this in a statement via his X (formally Twitter) handle stated that the project would include 16 rail stations, and is projected to serve over 300,000 passengers daily.
He wrote, “Today, at the Africa Investment Forum Market Days, I presented our investment strategy for the Purple Rail Line project.
“The Purple Rail Line is a 60 km electrified rail system that will include 16 stations and seamlessly integrate with existing metro and bus services to enhance connectivity.
“It is projected to serve over 300,000 passengers daily, significantly reducing greenhouse gas emissions by encouraging a shift from road to rail transportation.
“I am pleased to share that we have secured substantial funding commitments, as the Purple Line represents a viable investment opportunity with promising returns. We are excited to move forward with this project.
“I also participated in a pre-deal room meeting organized by Dr. Akinwumi Adesina, President of the African Development Bank, regarding the Nigeria Special Agro-Industrial Processing Zones Program (Nigeria SAPZ).”
