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This is as a result of the signing of a 30-year Franchise Agreement by Ropeways Transport Limited, the Lagos Metropolitan Area Transport Authority (LAMATA) and the Lagos State Government recently.
According to the Tribune, which reported the story, under the terms of the agreement, Ropeways Transport will this November begin the construction of towers, stations and connecting network cables along various routes covered in the first phase of the project, namely, Ijora–Iddo, Iddo–Adeniji, Apapa–Oluwole, Oluwole–Adeniji, Adeniji–Obalende, Obalende–Falomo, and Falomo–Victoria Island, just as the project is expected to be fully completed and commissioned by early 2015.
Speaking on the development, the Chief Executive Officer of Ropeways Transport Limited, Capt. Dapo Olumide expressed his belief that the Lagos cable car transit system would provide an alternative means of mass transportation in the city and it will help ease the current transportation hassles in Lagos and help restore dignity to commuting because the current situation hampers economic development within the city and negatively impacts the quality of life of its residents.