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Lagos State Governor, Babatunde Raji Fashola is leading a marketing drive to Dubai and London in an effort to attract investors to participate in the development of two metro rail lines which construction commences next year. 
The two rail lines are the Red Line (Agbado to Marina) and Blue Line (Okokomaiko to Marina). Both are projected to carry more than 1.6 million passengers per day. 
To this end, the government is opening a window of opportunity in the rail projects in which high stakes are available to willing investors in the rail system for which the first in a series of investment fora opens in Lagos on November 11, 2008 at the Civic Centre, Ozumba Mbadiwe Avenue, Victoria Island, Lagos. 
The Lagos forum is targeted at both local and foreign investors to participate in the rail project estimated to cost more than $1 billion to provide infrastructure for two rail lines while the private sector is expected to contribute more than $1 billion in the provision of rolling stock and other operational equipment. 
According to the managing director of the Lagos Metropolitan Area Transport Authority (LAMATA), Dayo Mobereola, the two rail lines are being implemented under the transportation agendum of the state chief executive who during his electioneering campaign had promised a holistic integrated transportation system for the state.