Trans Orange Lines Limited (TOLL) was incorporated in June, 2017 to undertake the Orange Line Project. The Orange Line Project involves the development and operation of the 48km Orange Line of the Lagos Railway Corridor on a Build, Operate and Transfer Basis with the Lagos State Government.
Trans Orange Lines Limited
Orange Line Project
The Orange Line will run from Marina to Makun City through the Redemption Camp. The Line will have up to 15 stations which will include stations at Marina, Yaba, Maryland, Berger etc
The Railway will be constructed by an internationally renowned Engineering Company who will undertake the EPC Contract and partner with the Operator of the Railways for an initial period to ensure technology transfer is achieved.
The Project Cost of c. $1.5BN is envisaged to be funded by long term export credit finance, institutional investors, Strategic Investors and the Lagos State Government. Lagos State Government is expected to provide a conducive investment atmosphere and the facilitation of right of way, regulatory requirements and stakeholder engagements.
Project Benefits
- Creation of employment for over 2,000 Nigerians during Construction period and over 3,000 Nigerians Directly and Indirectly after Construction.
- Reduction of traffic congestion along the routes thereby easing movements of people & goods and create an alternative to road usage thereby ensuring the longevity of the roads and capital cost savings.
- Stimulation of economic growth around the Route by creating more jobs and enabling more productivity from workers.
- Decongestion of the Central Business District as some of its residents can now conveniently live on the outskirts of Lagos and work within Lagos.
- Enable the churches around the Route like RCCG to be able to attract more people to their weekly/yearly programs due to easier and faster mode of transportation and prevent the periodic traffic congestion issues.
- It will help reduce mortality rate due to car accidents
- Significantly increase commerce within Lagos and reduce the cost of doing business as travel costs and logistics can be improved along the train route
Project Sponsors
IAF Capital Limited is a 25 year old Corporate Finance and Investment Management Company incorporated in the United Kingdom. IAF Capital is authorised and regulated by the Financial Conduct Authority of the United Kingdom. IAF Capital has a strong African-focused practice boasting an extensive network throughout Sub-Saharan Africa and works across all sectors but with a particular focus on infrastructure, energy and technology. IAF Capital has offices in Nairobi, Kenya and Sierra Leone, Freetown. IAF Capital has been appointed by the Project Sponsors as the Lead Finance Arranger and Advisor on the Orange Line Project.
Sage Grey Limited is an Advisory and Finance Solutions Firm incorporated in Nigeria. Sage-Grey operates from Nigeria while maintaining an International Outlook, expertise and network. The Sage-Grey team has extensive multinational and multi cultural financial services experience which is leveraged to ensure that the Company offers the best services which are not only consistent with Nigerian and African expectations, regulations and landscape; but are consistent with world best practices. Sage-Grey Limited is affiliated with several Finance Institutions in the United Kingdom, West Africa and Asia.
Mr. Akinola George-Taylor
Mr George-Taylor is a Nigerian Citizen with over 25 years experience in the banking industry and proven success in managing multi billion Naira operations. He was an executive Director at the prestigious Guaranty Trust Bank Plc ( GTBank) where he headed the Public Sector Group, Abuja & North Central Division. Mr George-Taylor is the Chief Executive Officer/ Managing Director of TOLL
Project Advisers
CPCS Transcom Limited –Technical Adviser
CPCS is a global consultancy firm specializing in infrastructure development advisory services in transport, power and PPP. The Company has its headquarters in Canada with 15 offices in 12 countries including Nigeria. Along with its engineering partner, Aurecon, CPCS provides technical advisory services from project inception and feasibility, through to final testing, commissioning, and into service of an operational asset. CPCS has provided feasibility studies, project management, design and supervision services for multiple railway lines varying between 30 and 2000km in distance.
In Nigeria, this experience has included the following:
1. Coastal Railway Line (Benin City –Warri – Calabar – Port Harcourt –Obudo)
2. Abuja-Lagos High-Speed Train Concept Study
3. Lagos Red Line Scheme
IAF Capital Limited - Finance Adviser & Lead Fund Arranger
IAF Capital is a 25 year old Corporate Finance and Investment Management Company incorporated in the United Kingdom. IAF Capital has a strong Africa Focus with offices in Freetown, Sierra Leone and Nairobi, Kenya IAF Capital is authorised and regulated by the Financial Conduct Authority in the UK.
Sage Grey Limited- Finance Adviser & Fund Arranger
Sage Grey is a Finance and Advisory Firm incorporated in Nigeria. The company specialises in finance advisory and fund raising for infrastructure projects, oil & gas and financial institutions.
Simmons Cooper Partners - Legal Adviser
Simmons Cooper Partners is a law firm consistently ranked in the top-tier of Nigerian firms with expertise spanning a wide range of competencies including public sector and regulatory, private equity & venture capital, infrastructure development and project finance, foreign investment& international finance and real estate, multinationals and governments.
Leadership
Mr. Akinola George-Taylor - AG. MD/CEO
Mr George-Taylor is a Nigerian Citizen with over 25 years experience in the banking industry and proven success in managing multi billion Naira operations. He was an executive Director at the prestigious Guaranty Trust Bank Plc ( GTBank) where he headed the Public Sector Group, Abuja & North Central Division. Mr George-Taylor is the Chief Executive Officer/ Managing Director of TOLL.
Mr. Temitope Runsewe
Mr Runsewe has over a decade experience in the Financial Services sector. Prior to Sage Grey, he worked as a Managing Director of First Asset Limited. First Asset Limited is a Finance, Advisory and Research Company registered in Sierra Leone. First Asset Limted also offers Finance products such as Project Finance and Asset Finance. Under his leadership, the company offered Advisory services to Commercial Banks, Mining Companies and to Foreign Investors operating or proposing to operate in West Africa. First Asset Limited has worked with several investors and has successfully raised over $300 Million for several clients in West Africa mostly in Sierra Leone, Nigeria and Liberia. While at Guaranty Trust Bank, Mr. Runsewe headed several groups and teams in the bank’s subsidiary including Corporate Banking, Commercial Banking and Mining. He has extensive skills in marketing, budgeting, negotiations, team management and portfolio management. He also worked at Vigzit Benet Leasing Nigeria where he left as the Head of Product development. He has a B.Sc. Surveying and Geoinformatics Engineering (University of Lagos), MBA. (University of Wales, UK) and M.A Development Management (University of Sierra Leone). Amongst other boards in which he sits, Mr. Runsewe is also on the board of Directors of First Asset Limited, Aristotle Services Limited and Balaah Hope Initiative (a Non-Governmental Organization focused on Social Issues of the girl child).
Mr. Ikem Isiekwena
Ikem is a Senior Associate with SimmonsCooper Partners. In the past 9 years, he has been involved in quite a number of interesting and challenging legal work in Nigeria. His in-depth knowledge of intricate and complex issues with an excellent drafting ability puts him in a position to simplify the outcomes for most clients. Specifically, he has been at the forefront of the introduction of composite competition legislation in Nigeria while advising existing sector specific regulators and operators on competition law issues. He has participated notably in the transitioning of Nigeria’s mixed economy through privatisation and other Private Sector Participation (PSP) initiatives, specifically in the Power Sector. Additionally, he has extensive experience in formulating structures for raising and organising debt or equity
Career
As a growing Company who understands that our human resources are our core strength, we are always recruiting the brightest. In addition to academic, professional and working experience, we also look out for factors such as personal development, versatile knowledge and uncompromisable integrity. We also strongly believe in the job-fit concept.
Kindly upload you CV to the online portal below and we will revert if there is a position available and if there is a likely fit.
Contact Us
Email: Info@tollnigeria.com
Address: Plot 215A, House B, Etim Inyang Crescent, Victoria Island, Lagos, Nigeria.
Contact Number: +234-1-4604911
News
On 9th May 2017, CPCS Made a Proposal to bid as the Technical Advisor for the Orange Line Project of Trans Orange Line Limited
L-R (Temitope Runsewe (Managing Director, Sage Grey Limited), George Kaulbeck (Director of Transport, CPCS Transom Limited), Chigozie Ugwunna (Legal & Research Analyst, Sage Grey) and Humphrey Uzoh ( Executive Director, Sage Grey).
On 14th June 2017, Trans Orange Lines Limited Executed a Technical Advisory Contract With CPCS Transcom Limited for the Orange Line Project.
On 14th June 2017, Trans Orange Lines Limited Appointed IAF Capital Limited as its Finance Advisor and Lead Fund Arranger
Akinola George-Taylor ( Managing Director, Trans Orange Lines Limited) and David Massie (Chairman/ CEO, IAF Capital Limited (UK))
On 14th June 2017, Trans Orange Lines Limited appointed Sage Grey Limited as its Finance and Strategy Advisor
Akinola George-Taylor ( Managing Director, Trans Orange Lines Limited) and Temitope Runsewe ( Managing Director,Sage Grey Limited)
On 14th June 2017, Trans Orange Lines Limited appointed Simmons Cooper Partners as its Legal Advisor
Akinola George-Taylor ( Managing Director, Trans Orange Lines Limited) and Ikem Isiekwena (Senior Associate, Simmons Cooper Partners)