Media and Politics News

Lagos Seeks Private Partnership On Urban Development Projects

Lukmon Oloyede.
The Lagos State Government has expressed its readiness 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 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 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.
The site is intended to be developed as a low density, mixed use residential development that will include the integration of the multi-purpose 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.

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