Prospective investors in the multi-billion Naira Imperial International Business City (IIBC) have been assured of a flood-free environment by Mr. Stefan Van Velthoven, the General Manager, Dredging International Services Limited, the consultant that handled the reclamation of the portion of the Lagos Lagoon on which the IIBC would be built.
The Imperial City is being developed by Channeldrill Resources Limited, a real estate developer, in collaboration with the Elegushi Royal Family and it is conceived as a smart and co-friendly city.
Velthoven presented his company’s flood-free plan at the launch of IIBC, recently, stating that they had done all that was necessary to keep the city dry using Dutch technology, thus allaying fears of possible flooding that has been witness on the Lekki axis recently.
He said, “We have been collaborating with Channeldrill Resources to ensure that nothing untoward happen in the future. We have set 2.5 metre above the sea level and we had already mobilised to site equipment to commence the first phase of sandfilling, which is about 100 hectares and within the next one year, we will complete the second phase.”
Land will be sold at plot sizes of 650 square metres, 800 square metres, 1000 square metres and 1200 square metres. Buyers will get a Contract of Sale documents immediately payment is confirmed.
The new city, according to the Managing Director of ChannelDrill Resources, Mr. Femi Akioye, would be well-planned with distinct zones and building regulations with its own independent electric power source.
He said each zone would have low, medium and high density areas with water view.
Oba Saheed Ademola Elegushi said his involvement in the project is to provide decent living environment to Lagosians, saying “Besides, this is a legacy, not necessarily for making money. We have travelled all over the world and we see the infrastructural wonders in all those places. Then, I asked myself, is it a curse that the Blackman cannot do something better? That was part of the reason for conceiving the project. Initially, it was like a dream, but we thank God, it has become a reality.”
He said, “The Imperial International Business City (IIBC), is the next big thing in Lagos for the discerning real estate investors. It’s set to be delivered faster than Eko Atlantic city and similar projects in Lagos.
‘With a total land area of 200 hectares, IIBC will be zoned into residential, mixed use and commercial areas. Each zone will have low, medium and high density area, each zone will also be divided into inner city, water ways view and Lagoon view areas.”
The project’s top-end infrastructure includes Roads, Waterways, Underground drainage, Sewage, Water and water treatment plant, Independent electricity (Gas Generated), Fiber optics cable, Cloud enabled Communication network and smart city/house infrastructure for willing subscribers, a mini marina, First Smart Shopping Mall in Africa, Cloud enabled 24 hours spy eyed security connected to a central security center, World class hospital within a dedicated Healthcare Zone.
The access roads to the new city are currently three which are Freedom Road through Lekki Phase 1 (Lekki Third Roundabout), Kunsenla Road by 4th Roundabout off Lekki-Epe highway, Oba Saheed Ademola Elegushi road by SPAR supermarket before Jakande. Other access roads will be through Femi Okunnu and Jakande roundabout in the future.