Lagos Airport Rail Project Financing Talks At Advanced Stage – FAAN MD

Discussions on financing the deliberate extension of the Lagos Mass Transit Red Line to Murtala Muhammed International Airport (MMIA) are at a sophisticated stage, the Managing Director of the Federal Airports Authority of Nigeria (FAAN), Olubunmi Onabanjo-Kuku, has stated.

The undertaking, deliberate by the Federal Government in collaboration with FAAN, will hyperlink the airport’s three terminals to the Red Line as a part of the broader MMIA modernisation undertaking.
Speaking as a keynote panellist on the World Aviation Festival in Lisbon, Portugal, Kuku stated efforts had been ongoing to finalise the undertaking’s financing construction.
“We are actually working on completing the financing of the capital structure for that project,” she stated.
Kuku defined that the rail hyperlink would enhance entry between the town and the airport, with 5 stops throughout the airport serving its terminals and cargo services.

“It allows us to connect the city very quickly to the airport with five stops within our airport. It connects our terminals and links our cargo terminals to the last stop,” she stated, including that the undertaking would contain collaboration between the Lagos State and Federal Governments.

On the continuing improve of the Murtala Muhammed International Airport, Kuku stated the undertaking would make the power extra environment friendly and passenger-friendly by improved infrastructure and trendy know-how.

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She famous that the Lagos airport accounts for 68 per cent of Nigeria’s air visitors, whereas Abuja and Kano are among the many nation’s different main aviation hubs.
According to her, the three airports account for 80 per cent of passenger visitors, making it obligatory for FAAN to stability funding within the busiest services with the wants of different airports beneath its administration.
Kuku stated security remained a significant consideration in figuring out the company’s funding priorities, with a lot of its spending targeted on airside infrastructure and the rehabilitation of main airports.
“In the last three years, we focused on rehabilitating our major airports and the primary international airports,” she stated.

She added that runway rehabilitation, together with the resurfacing of runway extensions the place attainable, and the set up of improved airfield lighting methods had been among the many ongoing works at two of the nation’s six worldwide airports.
On Lagos particularly, Kuku stated Terminal 1 was present process a complete overhaul however wouldn’t be expanded.
Instead, the work would deal with bettering the terminal’s structure, together with immigration and customs services, growing effectivity at service counters and introducing trendy know-how to make the passenger expertise smoother.
“We’re changing the layout with immigration and customs, the number of counters that you have, making it a lot more passenger-friendly, ensuring that we have modernised technology and infrastructure that makes travel easier for passengers,” she stated.