Lagos Ibadan Expressway Concession Project

Case Studies
Commercial Deal Structuring
Transaction Advisory

Client

Government of Nigeria – Federal Ministry of Power, Works & Housing
Sector

Transport
Completion Year

2017
Location

Lagos & Ibadan, Nigeria

The Situation

The Lagos Ibadan Expressway is a US $1 Billion, 127km road that serves as the major gateway in and out of Nigeria’s commercial powerhouse and most populous city, Lagos, and dates back to 1978. It is also the busiest inter-state road in Nigeria, and is a main link to the Northern, Southern and Eastern regions. After a failed bid to concession the Expressway, the Federal Ministry required Transaction Advisors to support the concessioning of the servicing and maintenance functions for the road.

The Solution

Working on behalf of Roughton International, who was appointed to provide Transaction Advisory Services to the Ministry of Transport, Africa PPP Advisory was tasked with a review of the Outline Business Case, development of Request for Proposals and the subsequent contract negotiations.

Our Assistance

We provided financial advisory services as part of the Roughton International led consortium, and advised on commercial and financial due diligence, deal structuring and commercial risk management.