The N300 ride on the world’s third largest city with 25million inhabitants is expected to be completed by 2015. The cable car system is rated as one of the safest means of transport worldwide.
Speaking on the development, Dapo Olumide ,chief executive officer of Ropeways Transport Limited said: “By complementing existing transport modes, the Lagos Cable Car Transit System will play its part in reducing the traffic congestion in the city.”
Ropeways Transport Limited has signed of a 30-year agreement with the Lagos State Government for the establishment of a $500 million cable car mass urban transit system to ease traffic and tension on its roads.
According to BusinessDay, Ropeways Transport will begin the construction of towers, stations and connecting network cables along mapped out routes in November(routes mapped already: Ijora – Iddo, Iddo – Adeniji; Apapa – Oluwole, Oluwole – Adeniji, Adeniji – Obalende, Obalende – Falomo, and Falomo – Victoria Island). The project is expected to be completed and commissioned by early 2015.
The cable car mass transit system is expected to create about 500 direct jobs after completion with commuters paying between 200 Naira ($1.28) and 300 Naira ($1.92) per trip.
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