Deutsche Bank has indicated interest in the funding of Carter Bridge replacement and the rehabilitation of 3rd Mainland Bridge in Lagos.
This was disclosed when the Bank Management led by the Managing Director, Global Co-Head of Structured Trade and Export Finance, Moritz Dornemann paid visit to the Works Minister, Engr David Umahi’s office recently.
According to the statement released by the Minister’s aide revealed that this is part of the efforts of the Renewal Hope Agenda towards building partnerships to finance and expedite large-scale road infrastructure development.
Speaking during the meeting, the Deutsche Bank Management hailed the President, Bola Ahmed Tinubu for his commitment to the development of large scale and quality road infrastructure across the nation which they noted was critical in the achieving sustainable economic growth and national prosperity.
They also commended the Hitech Construction Nig Ltd for the quality of work on the Lagos-Calabar Coastal Highway project while assured that with the success recorded on the project, the Bank was confident in the prospects of the Renewed Hope Agenda on the road network development. 
The Deutsche Bank applauded the Ministry for their effectiveness and efficiency in delivery of the project and other ongoing legacy projects across the nation and expressed willingness to fund successful bidders of the project.
In his response, the Minister commended the team for their commitment to funding of the Lagos-Calabar Coastal Highway project which the Minister said was over subscribed by over 100m Dollars and thanked them for their interest in the evaluation of the cost of the project.
Umahi explained that Carter Bridge was so badly damaged which needed a replacement and noted that the bridge was undergoing remedial works to sustain its integrity pending when a replacement is carried out. 
He stated that the underwater elements of 3rd Mainland Bridge also have severe defects, noting that although the bridge would not be replaced, there would be a comprehensive repair of the underwater elements to retain its sustainability for another 50 years.
The Minister assured them that the two projects are undergoing a very unbiased procurement process, and they would be carried along as soon as successful bidders emerge.
Among the Bank Management team that came for the visitation were the Export Finance, Moritz Dornemann and the Bank’s Chief Country Representative Nigeria, Andreas Voss.
