The Lagos state government has signed a deal for the development of Orange Island, a massive real estate development covering 150 hectares of land within the Lekki corridor. Upon completion, the project will be similar to the Eko Atlantic city which is still undergoing construction.
Reports reaching us say the project will cost a about 40 Billion naira. The project which is to be delivered in two phases has been described as one of the means by which the Lagos State Government intends to transform the landscape of the state into a more organised and structured mega city. It will be new satellite towns that will be developed in the Lekki, Badagry and Ikorodu districts of Lagos State.
The Orange Island Development Company (OIDC) will be handling the project which will involve dredging of sand from the bed of the Lagos Lagoon, reclamation of a 150-hectare island, construction of an access land bridge and infrastructure to service the island. The Project will eventually be a fully serviced; community located 450 meters off the headland next to the existing Lekki Phase 1 foreshore reclamation project.
The layout of the Island will comprise four main schemes made up of residential, commercial, services and recreation/sports zones. The services provided will include electricity, water and sewage system. The Island will be accessed via a dual carriage way located at the end of Admiralty Way in Lekki Phase 1.
This will position the area as one of Africa’s most viable business districts if not one of the world’s most viable business district.