Construction of the proposed Fourth Mainland Bridge will now cost $2.5 billion, Director General, Office of Public Private Partnership (PPP), Mr. Ope George, has said.
He addressed reporters as part of activities to mark the second year in office of Governor Babajide Sanwo-Olu.
The government last September said the construction would cost $2.2 billion.
The 38km bridge is expected to connect Lagos Island through Lekki, Langbasa and Baiyeku towns, and across Lagos Lagoon to Itamaga in Ikorodu. It is expected to be the longest bridge in Africa.
George said: “The preferred bidder of the six bidders, who tendered their bids, will be determined in October.
“The project will be funded under PPP and is undergoing technical processes to eliminate glitches.”