Developers are already taking advantage of the numerous benefits that land in Eko Atlantic has to offer.
A group of developers disclosed this during a media tour of the area in Lagos.
Some of the opportunities, it stated, include “independent 24/7 power supply, water and waste water treatment, fiber optic communication connections to every plot of land delivered with connection to utility services.
“Elevated street levels to accommodate basement parking above ground water, seamless deed of assignment and construction approval process, building in a city specifically planned for medium to high density development.
“Value added amenities within the city include 10.2km long waterfront promenade; and two large marinas connected by an internal waterway among others.”
Eko Atlantic said it brought a team of expert consultants to ensure a city properly planned to rise to the challenge of creating a world class city capable of sustaining a high-density development.
It stated that the project was privately funded by South Energyx Nigeria Limited – the developers and city planners, a subsidiary of the Nigeria-based Chagoury Group of companies – working in partnership with the Lagos State Government and supported by the Federal Government of Nigeria.
It noted that notable national and international banks had capitalised on the opportunities because they saw huge potential in it.
The group said from the design of the great wall of Lagos to innovative technologies designs, to reliable infrastructures, Eko Atlantic was subjected to rigorous studies and environmental impact assessments by word-class consultants.
It stated that the new coastal city being built on Victoria Island was a focal point for investors capitalising on rich development growth based on massive demand – and a gateway to emerging markets of the continent.
Standing on 10 million square meters of land reclaimed from the ocean and protected by an 8.5-kilometre-long sea wall, Eko Atlantic would be the size of Manhattan’s skyscraper district, it stated.
According to the group, to ensure self-sufficiency and sustainability, it ensured state-of-the-art urban design, its own power generation, clean water, advanced telecommunications, spacious roads, and tree-lined streets.
It stated that investing in Eko Atlantic opened unprecedented opportunities for tapping into the wider potential of the continent as a whole.