Untitled Document
      Broad Street Journal is published weekly by TELL Communications Limited     Saturday, September 04 2010
Stock Market Report (6th of April 2010): Conoil-Open: 40.00k, Close 40.10k : NASCON-Open: 6.80k, Close 7.41k : Guiness-Open: 130.00k, Close 133.00k : GTBank-Open: 18.91k, Close 21.00k : FTN Cocoa-Open: 0.91k, Close 0.93k
 
 
 
 
 
The Lagos Atlantic City Dream
Lagos State government plans to build a multi-billion naira Atlantic City to ease pressure on land space, but there are fears economic and political factors may hamper the vision
Published on: Tuesday 04 May 2010 , 03:59 am
 
By Funke Oduwole For years, Lagos State government battled the raging ocean upsurge that threatened to eat up the entire Victoria Island and won the war against the waves. This gave birth to the idea to maximise the opportunity presented by the reclaimed land in the face of the incredibly low land availability in the state to create Eko Atlantic City. David Frame, managing director, South Energyx Nigeria Limited, the developers and city planners said the pace of growth in Lagos puts pressure on resources. “Development land is scarce, prices are steep and infrastructure is overloaded. Eko Atlantic will relieve that pressure,” he assured. For a fact, the Eko Atlantic City project would boost both social and economic development with great potential of providing jobs for individuals in various strata of the society as professionals, unskilled labour and artisans would have the opportunity of working together in an organised city. Town planning experts believe that this would be possible only if the master plan was religiously followed. “If there is disruption and the construction is halted, they might derail from the master plan and the end result might be catastrophic,” Shola Hassan, a town planner told the magazine. Stakeholders raise fears of the possibility of a renewed ocean surge that could consume the city, but Tunji Olayiwola, a structural engineer dispelled this fear explaining that it is called marine or bay construction. “It is done all over the world. We have something like that in Venice, Italy, a city of about 93 kilometres with all necessary amenities like hotels, shopping malls, cinemas clubs and all sorts in place. This is the first of its
Page 1 | 2 | 3 | 4 | 5 |
     
Print this article
Email this article
Share on Facebook
     
Share your thoughts on this article

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     
     
 
Untitled Document
 
 
         
  Copyright © 2010 Tell Communications Limited. All Rights Reserved. Broad Street Journal is a Registered trademark of the Tell Communications Limited
 
Terms of use Disclaimer Privacy policy Powered by Atlas Systems and Technology Solutions