Summary sheet
The project will implement a waterborne, urban and mass public transport network in Lagos, by developing water corridors and related facilities. More specifically, it concerns the purchase of fully electric small-scale vessels, the construction of new passenger stations and jetties, the establishment of inland water transport (IWT) operations as well as new maintenance facilities for the fleet.
The aim is to enhance the existing Lagos State IWT system, which is expected to play an increasing role in the local urban mobility. The project is consistent with the Lagos' 30-year development plan (2022-2052) which recognises that moving people by water is a unique asset and sustainable way of adapting the transport system to sea level rise. This is also also in line with the Lagos State Climate Action Plan (2020-2025) and Lagos Strategic Transport and Mobility Master Plan (2014-2032), which aims to increase the share of IWT in the total daily trips from less than 1% today to 8% by 2032.
The project is expected to contribute to the EIB's climate action (mitigation and adaptation) and to environmental sustainability objectives. The EIB will require the Promoter to comply with the EIB Environmental and Social Standards.
The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Under EFSD+ Guarantee
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).
General enquiries and comments
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
Media enquiries
Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.
Complaints mechanism
Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
Related publications