Wednesday, 31 January 2018

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LEKKI-IKOYI TOLL FARE: LCC GIVES HINT ON TRANSPORT FARE

The increase in the toll at the Admiralty Circle Toll Plaza on Lekki-Epe Expressway and the Lekki-Ikoyi Link Bridge Toll Plaza that will take effect from Thursday, February 1 will not lead to any hike in transport fares being charged by commuter bus drivers operating along the route, according to Lekki Concession Company Limited.


It said this was part of the agreement it reached with the main transport group, the National Union of Road Transport Workers, controlling the area.
The manager of the two toll plazas leading in and out of the Lekki-Epe Expressway said this was why it agreed to raise the toll payable by commuter bus driver marginally from N80 to N100.
The Chairman, NURTW, Jakande, Eti-Osa Local Government Chapter, Alhaji Taofeek Oluwa, was quoted as saying that the union was glad that the LCC took the union’s advice for a minimal increment of N20 with eTag users paying N90 for mini buses.
The Managing Director, LCC, Mr. Mohammed Hassan, said in a statement that the upward review came after “extensive consultations with stakeholders in the Eti-Osa/Lekki-Epe Expressway of Lagos State.”
He said the increase was as a result of current economic realities adversely affecting the cost of operations and maintenance of the company’s loan obligations.

He said the feedback and recommendations received during the series of consultations held in December 2017 with stakeholders in the area considerably influenced the new tolls to be paid by motorists using the two toll plazas.
Hassan said, “Since the commencement of tolling in December 2011, the tolls 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 to 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. The LCC cannot continue to operate or provide the services required from us if we do not review the toll tariffs.”
Drivers/owners of cars using the Admiralty Circle Toll Plaza and Ikoyi Link Bridge would pay N200 and N300, respectively, the firm added.
Sport Utility Vehicles will attract N250 at the Admiralty Toll Plaza and N400 at the Ikoyi-Link Bridge.
Heavy duty trucks/buses with two or more heavy axles will attract N1,000 at the Admiralty Circle Plaza on the Lekki-Epe Expressway, according to the statement from the LCC.
Source: (  Punch Newspaper )

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