Purple Line Urban Rail Transit - Lagos Metropolitan Area Transport Authority (LAMATA)

Company Description

Lagos Metropolitan Area Transport Authority (LAMATA) is a public sector agency responsible for planning, implementing, and regulating urban transport systems in Lagos, Nigeria. It oversees major infrastructure projects including metro rail and bus rapid transit, and coordinates investment, policy, and stakeholder engagement to improve mobility and sustainable urban transport.

Countries of Operation

Nigeria

Ownership of Company

Local Company | Entreprise locale (100%)

Number of years since incorporated

24

Project Pitch

The LAMATA Purple Line is a flagship sustainable urban rail project designed to expand climate-resilient mass transit in the Lagos metropolitan region. The project comprises approximately 60 km of rail infrastructure with 17 stations, connecting Lagos and Ogun States and integrating with the existing Blue and Red Lines of the Lagos Rail Mass Transit (LRMT) network. It aims to reduce congestion, lower greenhouse gas emissions, and improve access to economic opportunities by enabling a modal shift toward low-carbon transport. With an estimated cost of US$2.0 billion, the project is structured with 10% public equity from Lagos State and 90% debt financing to be mobilised from Development Finance Institutions and commercial lenders. The project is proposed to be constructed through an EPC model.

Team

Upon request

Type of Project

Governmental/Institutional project | Projet gouvernemental / institutionnel

Stage

Annual Revenue (in EUR)

5.000.000 - 10.000.000 EUR

Number of employees

> 500

Total Project Cost (in EUR)

1.7 billion

Financing needs (in EUR)

1.7 billion

Type of financing needed

• Debt | Dette
• Grant | Subvention

The Company is looking for

• Financing | Financement
• Technology Solution/Equipment | Solution technologique / équipement
• PPP (Public-Private Partnership) | PPP (Partenariat public-privé)

Planned allocation of fundraising capital

Upon request