To address the problem of increased traffic congestion in the Cities, Government has always seek to involve the private sector in the development of social infrastructure such as Multi-Level Car Parks through Private Public Partnership (PPP) arrangements.
- Population growth in the metropolitan cities has continued to rise rapidly while the infrastructure development is insufficient to sustain this growth. The daily traffic flow is estimated at around 5,000 vehicles with commuters spending hours daily in traffic mainly caused by limited car parking spaces.
- Metro Terminals and Logistics Limited ( “METRO”) is a special purpose vehicle formed to act as the concessionaire for the Multi-storey Car Parks in major Nigeria Cities
- The first phase of the project which after a successful pilot test, the implementation world subsist to cover the industrial environment (Mechanic Villages in the State). METRO aims to partner with the Government to develop multi-storey car park networks, specifically within Market Premises using build -operate transfer (BOT) scheme under a 30 year concession period.
- The project aims to improve the transport network system in the State, ease congestion in major traffic routes and alleviate present hardship encountered in vehicular traffic