Lekki Concession Firm Restricted has introduced that it’s going to enhance the toll tariffs being charged on the Admiralty Circle Toll Plaza on Lekki-Epe Expressway and the Lekki-Ikoyi Hyperlink Bridge Toll Plaza with impact from Thursday, February 1.
The LCC stated in an announcement that the upward overview adopted “in depth consultations held with stakeholders within the Eti-Osa/Lekki-Epe Expressway of Lagos State.
Though particulars of the brand new charge weren’t disclosed within the assertion, the agency stated N100 can be paid by any driver of a mini commuter bus utilizing the Lekki-Epe toll plaza, which is a rise of N20 over the N80 at present being charged.
This, it stated, was the settlement it reached with the drivers’ union through the consultations.
It stated the toll fare enhance was because of present financial and enterprise realities that had adversely affected the price of operations and upkeep of the corporate’s mortgage obligations.
The Managing Director, LCC, Mr. Mohammed Hassan, stated the suggestions and suggestions acquired through the collection of consultations held in December 2017 with stakeholders in Eti-Osa Native Authorities Space and its environs significantly influenced the brand new toll fares to be paid by motorists plying the expressway and the Ikoyi Hyperlink Bridge.
Hassan stated, “Because the graduation of tolling in December 2011, the toll tariffs had remained the identical regardless of the continual enhance in the price of operations to make sure that the toll plazas and the street infrastructure are effectively maintained.
“The toll overview has additionally develop into essential to allow the corporate to satisfy its mortgage obligations to its native and international lenders, contemplating the truth that international trade charges have continued to extend astronomically within the final couple of years.
“The LCC can’t proceed to function or present the companies required from us if we don’t overview the toll tariffs.”