Lagos State Government has terminated its contract with investors for the building of the proposed 844 billion Naira Fourth Mainland Bridge.

This was confirmed by the Commissioner for Waterfront and Infrastructure Development, Adebowale Akinsanya, while addressing reporters in Alausa on Monday.

Akinsanya, who also doubles as the acting Commissioner for Works, said the government was considering proposals from foreign investors in the US and the UK, to accelerate the commencement of the project.

Akinsanya further explained that the former contractors, including Africa Financial Corporation (AFC) and other investors, were cut off because of delay in starting the multi-billion Naira project.

Other investors dumped by the government a year after signing a Memorandum of Understanding (MoU) for the 38-kilometre bridge, include Visible Assets Limited and Access Bank PLC.