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$6billion Eko Atlantic City shaping to become one of the wonders of the 21st Century

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Eko Atlantic City is a master planned new city rising from the sea. The city is being constructed on land reclaimed from the Atlantic Ocean in Lagos State, Nigeria

The scale of the Eko Atlantic project is immense and progress is being achieved through a team effort between investors, planners, engineers and contractors.

The development brings together private individuals and companies who have the knowledge and expertise to transform land lost to the power of the sea into an ocean-front city that will be one of the wonders of the 21st century.

The multibillion-dollar investment is provided solely by private investors. Those already on board include local and international banks – First Bank, FCMB, Access Bank Plc. and GT Bank in Nigeria, BNP Paribas Fortis and KBC bank – as well as a growing number of private investors. Prime investment property opportunities are available for private companies and individuals, which are proving very popular; investing in Africa has never been more attractive.

The new artificial island, which is still under development, is being planned for 400,000 residents and a daily flow of 250,000 commuters. The development will also have a positive environmental impact; its purpose is to stop the erosion of the Lagos coastline.

Adjacent to Victoria Island, Eko Atlantic is rising as the next generation of property in Africa. Expected to be around 4 square miles (10 km2), the city will satisfy needs for financial, commercial, residential and tourist accommodations with a state-of-the-art high-tech infrastructure in line with modern and environmental standards.

These standards will offer the city’s residents modern water, waste management, security and transportation systems. Eko Atlantic will also have an independent source of energy generated specifically for the city.

The project Contractors include China Communications Construction Group, a global leader in the field of marine dredging and landfill operation. Consultants are Royal Haskoning (traffic and transport expertise) and ar+h Architects. South Energyx Nigeria Ltd. a subsidiary of the Chagoury group was specifically created to undertake the development.

Testing of the sea defence system took place at the DHI Institute in Copenhagen, Denmark, where models were successfully tested for one in a hundred-year ocean surge, one in 120 years, one in 150 years and one in 1,000 years’ storm, the worst storm that it is estimated can possibly happen in a thousand-year period.

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Eko Atlantic Site of reclaimed Island under construction

 

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