FMIL creates innovative solutions and structures for executing defining infrastructure projects. We draw from the depth and span of the financial expertise of our holding company, our shareholders, and network of strategic alliance partnerships with leading global engineering, construction and procurement companies with vast experience in the infrastructure space.
An undeterred commitment to excellence.
We are an end-to-end railway value creation company, concessionaire of the Red Line Railway Project in Lagos State.
The company is committed to achieving strategic business objectives for the Metro Rail Projects currently under development in Lagos State. The decision to undertake a turnkey development of dedicated supporting assets for power, signaling, stabling, repair, and maintenance, amongst other requirements, ensures that we control all the critical infrastructure to ensure the delivery of our core project and operational objectives.
To keep Lagos moving and growing through sustainable mobility solutions.
Our mission is to relentlessly employ innovative and adaptive operations models to create a safe, reliable, convenient and affordable commuter metro rail service that avails the best view and experience of Lagos in transporting commuters along the North to South and Airport corridors to connect the central business district of Lagos State.
We operate in accordance with a strong set of moral values whilst following applicable ethical guidelines.
We encourage the birth of new and witty ideas. Our goal is to constantly create value.
FMIL is driven by excellence. All services to our customers, stakeholders, staff, and the state at large excellently.
We take into consideration our impact on the environmental, social, and good governance of Lagos.
We ensure the safety and convenience of railway transportation for our customers. We put the needs of our customers first.
We prioritise systems and policies favourable to our staff and management. There is a strong feeling of camaraderie.
Engagements with LAMATA
FMIL held several engagements with the Lagos Metropolitan Area Transport Authority (LAMATA), visiting and making presentations to the Lagos State government. We also made a series of documentary submissions, queries, and reviews to establish technical capacity and depth for development alongside the required operational experience, financial feasibility and capacity.
Winner of tendering process
FMIL emerged as concessionaire for the Lagos Red Line railway project in December 2019 following a tender process.
Creation of SPV and joint venture with EPC partners
The project sponsor role played by First Global and strategic alliance partners on the Lagos Red Line project has culminated in the creation of a bankable SPV structure and joint venture with EPC partners like Yapi Merkezi, Alstom (rolling stock provider), Keolis and Metro Istanbul (operations & maintenance partners), Global Railway Engineering as freight engineering partners and MK International as technical & investment partner, Legacy Africa amongst others.
Secured an $11.2bn credit line from Standard Chartered Bank
FMIL in collaboration with Yapi Merkezi secured an US$11.2 billion credit line at 2.6% per annum from Standard Chartered Bank, London to finance the Lagos – Calabar Coastal Rail project for the Federal Ministry of Transport.
Trains procured, shipped and arrived
FMIL secured the first set of trains for the Red Line operations with the aim to commence commercial operations by Q1 2023”.
Technical and operational training
The FMIL core team undergo technical and operational trainings at Istanbul with operation partner, Metro Istanbul, in preparation for the Lagos Red Line operations.
Our vision is to keep Lagos moving and growing through sustainable mobility solutions.
17C Jasper Ike Street,
Lekki Phase 1,