Mr Sanwo-Olu said the budget also aims to improve residents’ quality of life.
The Lagos government says consideration will be made in future budgets with respect to infrastructural development to cater for an increasing population.
The deficit of N387.125 billion was projected to be funded by internal and external loans and bond issuance.
The bridge would have three toll plazas and nine interchanges, adding that the funding was a partnership between the state government and the construction company.
The regulator said it will offer professional guidance on the proposed Lekki airport in Lagos.
