Lagos – Ibadan Expressway Concession Project
Government of Nigeria – Federal Ministry of Power, Works & Housing
Sector - Infrastructure, Transport
Location - Lagos & Ibadan, Nigeria
Year - 2015 - 2016
Duration - 9 Months
Our Role - Principle Finacial Advisor
Our Delivery Partners
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.
Working on behalf of Roughton International, who was appointed to provide Transaction Advisory Services to the Ministry of Transport, Adams & Moore were tasked with a review of the Outline Business Case, development of Request for Proposals and the subsequent contract negotiations.
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.