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Lekki And Ikoyi Toll Fares To Increase By February 1st

Lekki And Ikoyi Toll Fares To Increase By February 1st

Lekki Concession Company Limited is set to increase the toll tariffs being charged at the Admiralty Circle Toll Plaza on Lekki-Epe Expressway and the Lekki-Ikoyi Link Bridge Toll Plaza with effect from Thursday, February 1.

According to the LCC, the upward review followed “extensive consultations held with stakeholders in the Eti-Osa/Lekki-Epe Expressway of Lagos State. Although details of the new rate were not disclosed in the statement, the firm said N100 would be paid by any driver of a mini commuter bus using the Lekki-Epe toll plaza, which is an increase of N20 over the N80 currently being charged.

The toll fare increase was as a result of current economic and business realities that had adversely affected the cost of operations and maintenance of the company’s loan obligations.

The Managing Director, LCC, Mr. Mohammed Hassan, said “Since the commencement of tolling in December 2011, the toll tariffs 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.”

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January 29th, 2018

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