Lekki Concession Company Limited, LCC, has officially announced the formal return to tolling operations at the Ikoyi Link Bridge Toll Plaza.
The tolling starts today.
However, toll payment will not commence until April 16, 2022.
The commencement of the exercise followed months of engagement with key stakeholders within Eti-Osa /Lekki-Epe area of Lagos.
LCC has been a part of the Eti-Osa/ Lekki-Epe ecosystem and is said to have served the community relentlessly and to the best of its ability over the years, said its Managing Director, Yomi Omomuwasan.
“We are encouraged by the response and the cooperation received from the vast majority of residents and stakeholders who appreciate the value we bring to bear on their daily movement and continue to register for (or update ) their toll accounts in readiness for the commencement of cashless toll collection. All the points made at the engagements are well taken.
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“Whilst LCC is aware of the concerns expressed by some stakeholders regarding the return to tolling, it is common knowledge that the government cannot, on its own, meet all the infrastructural needs of the ever-growing population.
“Given that the funding for the project was secured by the initial private sector sponsors and contracts were signed with various local and international financial institutions, in the spirit of respecting the sanctity of contracts, the Lagos State Government continues to meet these obligations when it bought over the shares of LCC, thereby taking over both the assets and liabilities,” said the LCC boss.
He added: “To ensure a smooth return, LCC has deployed new and more efficient technology at the Ikoyi Bridge Toll Plaza. Therefore, to test run the new system and ensure a seamless interface with road users, the first two weeks will be completely toll-free.
“LCC remains committed to providing a safer and better driving experience on the Ikoyi Link Bridge.”