Lagos to Get Cable Car By 2015

A cable car company, Ropeways Transport Limited, is set to launch a cable car mass urban transit system in Lagos, the nation’s commercial capital.

This followed the signing of a 30-year franchise agreement between Ropeways Transport Limited, the Lagos Metropolitan Area Transport Authority (LAMATA) and the Lagos State government recently.

Under the terms of the agreement, Ropeways Transport will this November begin the construction of towers, stations and connecting network cables along various routes covered in the first phase of the project. The project is expected to be fully completed and commissioned by early 2015.

Capt. Dapo Olumide, Chief Executive Officer of Ropeways Transport Limited, said that the Lagos cable car transit system would provide an alternative means of mass transportation in the city and help ease the current transportation hassles in Lagos.

myfinancialintelligence.com