Lekki-Epe Expressway Toll Road Project Closes:

Published: 10/01/08

The $335 million Lekki-Epe Expressway Toll Road Project has reached financial close. Trinity acted for the project company, Lekki Concession Company Limited on all aspects of the project, including the concession, EPC, O&M and financing arrangements. Debt finance is to be provided from a range of financial institutions, both Nigerian and international. . The project will be a real toll project and involves the upgrading and expansion of 49km of the existing Lekki-Epe Expressway on Victoria Island in Lagos and the development of a new coastal road running parallel to the existing road. The project won “Infrastructure Deal of the Year” for Africa and the Middle East in the Project Finance International Awards 2008 and Africa Investor Transport Deal of the Year Award 2008.

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