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Lagos seeks partnership on urban development projects

… Offers Falomo Shopping Complex, others to investors

In continuation of the present administration’s commitment to urban development and expansion of business opportunities in the state, the Lagos State Government has expressed its intention to partner with suitable entities on a Public-Private Partnership basis to undertake the development and delivery of a wide range of facilities in the State.

The facilities include residential apartments, shopping/business malls, Recreation parks, Hotels, Theme Parks, Zoos, Car Parks and other facilities that will add to a Modern City Lifestyle.

In a statement signed on Sunday by the State Commissioner for Information and Strategy, Mr. Steve Ayorinde, the State Government has conceived the idea in order to provide Lagos with world-class residential, business, recreational and other facilities that will measure up to what is obtainable in other mega cities of the world.

He added that the initiatives would also help in positioning the State as one of the best cities to live and work in the African continent.

The Honourable Commissioner disclosed that the facilities include former Falomo Shopping Complex, which the state government is seeking proposal under PPP on how the site could be redeveloped into a world-class residential condominium complex with the full complement of lifestyle-enhancing facilities and complete communities Direction Strategy.

The site is intended to be developed as a low density, mixed use residential development that will include the integration of the multi use nature of the area.

Also, under the PPP redevelopment programme, Lagos State has equally made available lands in various locations across the State, on which it intends that malls, hotels and other lifestyle facilities would be established. These areas include, Epe, Ibeju-Lekki, Badagry, and Ikorodu. Other locations are in Ojokoro, Gbagada, Oshodi and Amuwo-Odofin.

According to Ayorinde, the state government is also interested in having a complete make-over of the CMS Marina axis to bring it up to standard comparable to similar choice locations in the world. He added that with the planned commissioning of the Blue Line of the Lagos light rail project this December, the state government intends to redevelop the entire stretch of the Marina starting from the Apongbon end to the NECOM House end of the Marina.

Ayorinde disclosed further that government intends to have multi-level car parks, shops, offices, restaurants etc all positioned in an integrated design to create a more harmonious experience for shoppers and other visitors to the Marina.

He noted that the area is the prime business location and undisputed hub for commercial activities in the State, for which the government intends to redevelop the stretch in line with its actual value and importance by having a comprehensive development scheme that will have all the state of the art features.

The Commissioner added that government plans to develop the location of the cancelled Paradise Residential Scheme, along the Anthony/Oworoshoki/Oshodi Expressway to a Recreational/Theme Park with elements of educational/entertainment and leisure activities, that will cater to the whole family.

He added that, same is being considered for the areas abutting the Yaba interchange on the Third Mainland Bridge with integrated water sporting activities on the expansive and serene waters of the Lagos Lagoon with a proposed commercial scale boat jetty to provide a gateway for water transportation so as to increase the intermodal transport system in the state.

The Commissioner said the State Government is also interested in bringing to the Epe/Ejirin Road abutting the Sala Metal Crushing Plant, a world class leisure park cum lifestyle facilities adding that proposal that will include retreat/conferencing facilities which would provide support to the nearby Lekki Free Trade Zone will be welcomed.

He added that a zoo on about 50 hectares of land is also being considered for the Epe axis to provide the sector at this stage before urban sprawl will make it more difficult to do so in the future.






MARCH 20, 2016


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