LCC To Increase Ikoyi Toll Fares From February 1

By Ayomide Ayano

Lekki Toll

Following consultations held with stakeholders in the Eti-Osa/Lekki-Epe Expressway of Lagos State, Lekki Concession Company Limited(LCC)  has announced that there will be an increase in the toll tariffs 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, 2018.

The LCC said in a statement that the increase in the toll fare is as a result of current economic and business realities that have adversely increased the cost of operations and maintenance of the company’s loan obligations.

The Managing Director, LCC, Mr. Mohammed Hassan disclosed that the feedback and recommendations received during the series of consultations held in December 2017 with stakeholders in Eti-Osa Local Government Area and its environs considerably influenced the new toll fares to be paid by motorists plying the expressway and the Ikoyi Link Bridge.

“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”, he said.

Meanwhile, the Chairman, National Union of Road Transport Workers, NURTW, Jakande, Eti-Osa Local Government Chapter, Alhaji Taofeek Oluwa who reacted to the new toll fares commended the foresight of LCC in consulting with leaders and members of the NURTW in Eti-Osa LGA.

He noted that the union was glad that LCC took their advice for a minimal increment on toll fare from N80 to N100 (N90 for eTag users) for commercial transport buses plying the Eti-Osa/Lekki-Epe Expressway.

“As long as LCC honours its agreement of our mutual understanding at the stakeholders’ meeting, we can confidently support LCC and the Lagos State Government by assuring that commuters will not suffer any increase in the fare paid to board branded commercial buses coming into or going out of Eti-Osa/Lekki-Epe Expressway. Also, if the fare increase will improve the standard of the roads and provide more comfortable and safer journey for all road users, NURTW will be happy to endorse the toll fare review”, he said.