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What You Need To Know About Eko Atlantic Project - Properties - Nairaland

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What You Need To Know About Eko Atlantic Project by JiffyNaija: 2:03pm On Oct 24, 2017

Eko Atlantic is an entirely new coastal city being built on Victoria Island adjacent to Lagos, Nigeria. It is touted to be a focal point for investors capitalizing on rich development growth based on massive demand – and a gateway to emerging markets of the continent.

The Eko Atlantic is standing on 10 million square meters of land reclaimed from the ocean and protected by an 8.5 kilometer long sea wall. Eko Atlantic will be the size of Manhattan’s skyscraper district, according to its projection.

The Atlantic would be self-sufficient and sustainable, and would include state-of-the-art urban design, its own power generation, clean water, advanced telecommunications, spacious roads, and tree-lined streets.

Funding and partners

The project is privately funded by South Energyx Nigeria Limited – the developers and city planners, a subsidiary of the Nigeria-based Chagoury Group of companies – working in strategic partnership with the Lagos State Government and supported by the Federal Government of Nigeria.

Notable national and international banks have been quick to capitalize on the opportunities with some of Nigeria’s biggest – FCMB, First Bank, Access Bank and Guaranty Trust Bank – partnering with Eko Atlantic, with support from BNP Paribas Fortis and KBC.

For savvy investors, Eko Atlantic City represents far more than just surging Lagos land value. As Nigeria continues its unstoppable trajectory to become the financial capital of Africa, investing in Eko Atlantic opens unprecedented opportunities for tapping into the wider potential of the continent as a whole – widely recognized as the world’s most promising growth horizon.

Engineering and Technology

Eko Atlantic is a marvel of modern engineering and technology, and a testament to the rise of Nigeria on the world stage.

This new city has evolved rapidly from a visionary design concept into a technological reality. Infrastructural road works and underground surface drainage pipes are already laid along major routes across the new city. All bridges in Phase 1 & 2 of the project have been completed. And the Great Wall of Lagos sea revetment, which is being built more than two kilometers offshore at eight-and-a-half meters above sea level, has surpassed 6 kilometers in length and is now protecting over 6 million square meters of Eko Atlantic and Victoria Island.

Across Eko Atlantic, independent reliable electricity, advanced fibre optic telecoms, and clean water utility services are already installed below street level. With the foundations in place, this magnificent engineering and technological city is now rising.

Re: What You Need To Know About Eko Atlantic Project by JiffyNaija: 2:05pm On Oct 24, 2017
Re: What You Need To Know About Eko Atlantic Project by tahoe(m): 5:00pm On Oct 24, 2017

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