The new city in Lagos will rise in 4 years time! And it is not Eko Atlantic City
Incase you do not know what the new city is, this is the Imperial City (Imperial International Business City – IIBC) at Lekki which is a Joint-Venture between the Elegushi Royal Family and Channeldrill Resources Limited. The prominent Elegushi Royal Family, owners of huge parcels of land in the Lekki axis have received approval for this 200-hectare development from the Lagos State Government. The reclamation project kicked of in April 2016 and the expected completion date is in 2021 with an estimated cost of $300 million.
The Imperial City will be on reclaimed land behind Lekki Phase I. It can be accessed via Freedom Road at Lekki 3rd Roundabout; Kunsenla Road and Oba Saheed Ademola Elegushi Road at Lekki 4th Roundabout; with access via Femi Okunnu at Lekki 5th Roundabout to be constructed in the future.
The new city would be allocated as 30% Residential zone, 10% Commercial zone, 30% Business District zone, 10% Leisure and Entertainment zones and 20% Infrastructure zone.
The project offers different varied sizes of plots. The minimum plot-size is 650 sqm. Other sizes include: 800sqm, 1000sqm and 1200sqm, 2000sqm, 3000sqm and 5000sqm.
The project Consultants and contractors are:
- Dredging Company- Dredging International Limited- Belgium;
- Marine engineer and reclamation consultants- Royal HaskoningDHV- Netherlands;
- Infrastructure engineering consultants – Mott Macdonald- United Kingdom;
- Master and town Planner- Gensler associates – United Kingdom.
Photo credit: ChannelDrill