Motorists Plying Lekki Toll Gate, Ikoyi Link Bridge Will Pay More From February 1st

Lekki Concession Company Limited (LCC) has announced that it will increase the toll tariffs being charged at the Admiralty Circle Toll Plaza on Lekki-Epe Expressway and the Lekki-Ikoyi Link Bridge Toll Plaza with effect from Thursday, February 1.

It said that the toll fare increase is as a result of current economic and business realities that have adversely increased the cost of operations and maintenance of the company’s loan obligations.

The LCC also said in a statement that the upward review followed “extensive consultations held with stakeholders in the Eti-Osa/Lekki-Epe Expressway of Lagos State.

Consequently, it announced a review in toll tariffs at the Admiralty Circle Toll Plaza and the Lekki-Ikoyi Link Bridge Toll Plaza with effect from Thursday, February 1, 2018.

In a press statement made available on Thursday, the Managing Director, LCC, Mr. Mohammed Hassan, noted that the feedback and recommendations received during the series of consultations held in December 2017 with stakeholders in Eti-Osa Local Government area and its environs considerably influenced the new toll fares to be paid by motorists plying the Expressway and the Link Bridge.

The statement read: “Following extensive consultations held with stakeholders in the Eti-Osa/Lekki-Epe Expressway of Lagos state, the Lekki Concession Company Limited (LCC), has announced a review in toll tariffs at the Admiralty Circle Toll Plaza and the Lekki-Ikoyi Link Bridge Toll Plaza with effect from Thursday, February 1, 2018.”

“The toll fare increase is as a result of current economic and business realities that have adversely increased the cost of operations and maintenance of the company’s loan obligations.

“Since the commencement of tolling in December 2011, the toll tariffs had remained the same despite the continuous increase in the cost of operations to ensure that the toll plazas and the road infrastructure are well maintained.

“The toll review has also become necessary to enable the company meet its loan obligations to its local and foreign lenders, considering the fact that foreign exchange rates have continued to increase astronomically in the last couple of years. LCC cannot continue to operate or provide the services required from us if we do not review the toll tariffs”.

In the release, the LCC said “many of the consulted stakeholders, including traditional rulers and community leaders, residents’ associations and youth groups, Eti-Osa Local Government officials, members of the media as well as members of the National Union of Road Transport Workers (NURTW) in Eti-Osa Local Government Area agreed that there was a need for constant upgrade of road facilities, as the Eti-Osa/Lekki-Epe corridor was rapidly becoming an international economic hub for investors.”

Although details of the new rate were not disclosed in the statement, the firm said N100 would be paid by any driver of a mini commuter bus using the Lekki-Epe toll plaza, which is an increase of N20 over the N80 currently being charged.