LCC toll increase to take effect February 1
The Lekki Concession Company Limited (LCC) has announced the review in toll tariffs at the Admiralty Circle Toll Plaza at the Lekki Expressway and the Link Bridge Toll Plaza with effect from Thursday, February 1, 2018 following consultations held with stakeholders in the Eti-Osa/Lekki-Epe Expressway way of Lagos State.
The toll fare increase 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.
Besides, it would be recalled that Lagos State Governor, Akinwunmi Ambode suspended an earlier increase scheduled to take off on November 8, 2017 following widespread protest by Lagosians.
Managing Director, LCC, Mohammed Hassan, noted 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 link bridge.
In a statement signed by the Deputy General Manager, Commercial and Corporate Media, LCC, Veronica Jacob, 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 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. LCC cannot continue to operate or provide the services required from us if we do not review the toll tariffs”.
According to LCC, a special purpose vehicle set up to execute the Eti-Osa/Lekki-Epe Toll Road Concession Project, with the slight increase in toll tariffs, commercial transport buses and motorcycles plying the Lekki-Ajah axis will now pay N100 instead of N80 they paid previously. Those with e-tag will pay N90.
Saloon cars and tricycles will now pay N200 from N120 but N180 with e-tag; SUVs, Pick Ups and Light Buses, N250, N225 e-tag; trucks and buses with one heavy axle N400 and N360 with e-tag; heavy trucks and buses with more than one heavy axle, N1000 and N900 with e-tag.
At the toll plaza of the Lekki-Ikoyi link bridge, saloon cars will pay N300 and N270 with e-tag; SUVs, mini-vans, light pick-up trucks will pay N400 and N360 with e-tag; non-commercial buses with maximum capacity of 26 seats, N1000 and N900 with e-tag; and motorcycles with 200cc capacity and above will pay N200 and N180 with e-tag.
Hassan urged motorists to take advantage of the electronic platforms by registering for e-Tag to enable them enjoy discounted passages and faster throughput at the plazas. The LCC’s Managing Director said that commercial buses would enjoy discounted passages such that transport fares will not be hiked as a result of the reviewed tariff.