The proposed Bus Reform Initiative
aimed at giving Lagosians an integrated public transportation system would kick
start this year with a sinking fund of N30 billion.
Disclosing this while speaking to
newsmen, Governor Akinwumi Ambode, said his administration had identified the
challenges Lagosians go through on a daily basis commuting via public
transportation, thus, the reform is aimed at providing a viable alternative.
He said the Bus Reform Initiative is
a three-year plan aimed at introducing over 5000 air-conditioned buses to
replace the yellow commercial buses, popularly called Danfo, which according to
him, is no longer befitting for the State’s mega city status.
On how the government intends to
fund the initiative, the governor said that his administration would launch a
public transportation infrastructure bond of N100 billion that would span
between seven and 10 years.
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