Country
Nigeria
Sector
Transport Infrastructure
Intelligence Type
Project
Status / Stage
Under Construction
Estimated Value
USD US$3 billion
Confidence
Confirmed
Latest Development
Project Details
Project OwnerLagos State Government
Project SponsorLagos State Government
Main ContractorChina Harbour Engineering Company (CHEC)
Project DeveloperLagos Metropolitan Area Transport Authority (LAMATA)
Financing InstitutionFederal Government of Nigeria (Counterpart Funding), Ministry of Finance Incorporated (MOFI)
Current PhaseProcurement
Funding StatusPartial
Key Issues / Risks
Financial close, implementation timeline, procurement sequencing, inflation, and foreign exchange pressures.
Latest Development (Detail)
Construction commenced in December 2025. Federal Executive Council approved $3 billion for three rail projects including the Green Line on April 30, 2026. Construction expected to complete within two to three years. Being delivered through a tripartite PPP between Lagos State Government, MOFI and China Harbour Engineering Company (CHEC).
Commercial Opportunity
Additional financing arrangements, contractor mobilization, equipment procurement, and rail infrastructure contracts are expected before full construction begins.
Capital & Financing Intelligence
Funding / Amount CommittedNGN ₦102.3 billion (Federal Government counterpart funding)
Funding SourceFederal Government of Nigeria
Funding Date30 April 2026 (Federal Executive Council approval)
Procurement & Contract Outlook
Expected Next MilestoneFinancial Close and Commencement of Construction ()
Commercial Opportunity Intelligence
Potential BeneficiariesRail construction, civil engineering, signalling systems, rolling stock, electrical systems, telecommunications, logistics, consulting, construction materials.
Commercial ReadinessApproaching
Source & Verification Trail
Last VerifiedAug 2026