Tuesday, March 27, 2012
Kanti Tower, Victoria Island
Floors 5 and 15 storey and 5 floors above ground as well as one basement floor of car parking. There will be a total of 14,704 sqm built up spaces and 5,776 sqm lettable spaces.
The total project cost is estimated at N4.8 billion including land acquisition costs. The construction period will be 30 months. The project will be on a rental model.
Status of the Project
Pilling commenced in January 2010 and was completed in July 2010 (6 months) – 1 month ahead of schedule. Trevi Foundations handled the pilling.
Cappa and D’alberto Plc was appointed (via a transparent and competitive bidding process) as contractor to handle the construction of the carcass and supervise the installation of services and finishes. The contractor moved to site in September 2010 and expected to finish within 18 months.
In all, the project is expected to be completed within 24 to 26 months.
Financing Plan
Mis Advisory was appointed as Financial Advisor and Arranger for the funds needed. We have since successfully closed on the fundraising with the promoter providing all the equity while a local bank provided the construction finance of about N3 billion.
Lekki Deep Sea port, Approved.
Lekki Port LFTZ Enterprise (LPLE) and International Container Terminal Services, Inc. (ICTSI) have signed a Memorandum of Understanding (MoU) for the operation of the container terminal of Tolaram Port@Lekki.
ICTSI has been selected as the preferred operator for a sub-concession to equip and operate thecontainer terminal on an exclusive basis for a 20 year period, following a Request for Proposal process. The MoU will serve as a framework for a definitive and formal sub-concession agreement.
Slated for completion by 2016, this visionary project- the largest of its kind in Sub-Saharan Africa- is promoted by the Tolaram Group in partnership with the Nigerian Ports Authority (NPA) and the Lagos State Government (LASG).
Tolaram Port@Lekki, set withinthe Lagos Free Trade Zone, is strategically located 65km east of Lagos andwill comprise acontainer terminal, a dry bulk terminal and a liquid bulk terminal with a total quay length of 1,500meters.
Given itsproximity to Lagos, the facilityis well connected to industrial and consumption centres of Nigeria.
The container terminal will have a handling capacity of 2.5 million TEUs with aquay length of 1,200meters, an initial draft of 14 meters, with the potential for further dredging to 16.5 meters, upon completion.These features enable the facility to allow shipping lines to call with larger vessels, to make the port into thepreferred destination for the West African region.
It is envisaged that LPLE shall be responsible for design and civil works with a projected investment of more than USD 1 billion. ICTSI shall, subject to execution of a definite sub-concession agreement, provide state-of-the-art equipment and IT infrastructure, and be exclusively responsible for container operation during the term of the sub-concession in line with global standards.
“ICTSI is excited at having been nominated the preferred bidder for this prestigious project that will further enhance Nigeria’s position on the regional and global maritime map,” says Enrique K. Razon Jr., ICTSI Chairman.
“The port project will be our largest investment to date and reflects our confidence in the Nigerian economy. Our belief and studies have shown that this infrastructure investment will result in significant multiplier benefits for the country’s future and catalyse the industrial development of this region. It is, by far, the largest infrastructure investment by a Singaporean company in Nigeria,” says Haresh Aswani who is both Tolaram Group’s Managing Director in Nigeria and Singapore’s Honorary Consul-General to Nigeria.
“The Lekki container terminal will provide a quality alternative to container handling facilities in the region, dramatically improving Nigeria’s international connectivity and its supply chains,” confirms Jens O. Floe, ICTSI Senior Vice President for Africa.
“Our facility in Lekki, given its location within West Africa’s largest market, has strong potential to emerge as the region’s dominant transshipment hub,” Mr. Floe added.
Nigeria’s size and profile, strong GDP growth anddouble-digittrade expansionhave made the development of the Nigerian maritime infrastructure one of the key priorities of the NPA and the LASG. Tolaram Port@Lekkiproject is an excellent example of a successful public-private partnership (PPP), and could well turn into a role model for infrastructure development across Africa.
Publicly, the project has received strong support from all levels of the Nigerian Government, both Federal and State. The decision to approve the project is an affirmation of the Government’s commitment to develop the economy through PPP initiatives. The NPA and LASGhave committed to work closely withLPLE to ensure the timely completion of the project.
It is such proactive initiatives by the Governmentthat have made Nigeria one of the most attractive investment destinations, not only within Africa but also worldwide.
About Lekki Port LFTZ Enterprise
The Tolaram Port@Lekki will be a world class, modern multi-purpose port that will serve not only Nigeria but also its neighboring countries.
In April 2011, a major milestone was achieved with the Master Concession being signed between Nigerian Ports Authority and Lekki Port LFTZ Enterprise in Lagos, Nigeria.
The port will be built over 90 hectares of land in the heart of the Lagos Free Trade Zone, just 65 km east of Lagos.
The development and layout of Tolaram Port@Lekki takes into account both the physical and economical critical considerations. These include factors such as the natural port area, the equatorial climate and the environmental conditions as well as the types of cargo to be handled and the projected nautical vessel volumes to be handled.
In order to provide berthing for larger vessels, which is the growing global trend in the containership sector, Tolaram Port@Lekki will be equipped with the best infrastructure, equipment and terminal services to attract and maintain large volume shipping line customers. Facilities at the port will include well-designed marine infrastructure and container, dry bulk and liquid terminals, making it a truly multi-purpose port.
Features
1.5 km long breakwater
6 km long approach channel with 14 m draught
670 m diameter turning circle
1.5 km long quay wall
Three container berths of 8,000 TEU vessels
One 45,000 DWT liquid bulk berth
One 75,000 DWT dry bulk berth
Friday, March 23, 2012
Thursday, December 15, 2011
Saturday, November 26, 2011
Lagos Witnesses Colourful Eyo Festival
A spectacular display of colour, dance, culture and tradition was on Saturday showcased at the Tafawa Balewa Square TBS by various Eyo groups as Lagos held the Adamu Orisha play in memory of Chief Yesufu Oniru.
It was a celebration of songs, chants and colours at the 2011 installment of the Annual Eyo Festival.
The event was graced by the Lagos state governor, Babatunde Raji Fashola, the Oba of Lagos, Oba Rilwan Akiolu, and many other dignitaries.
The relatively peaceful event saw a parade of different Eyo groups all clad in the regular Eyo robe while spotting unique colours on their hats and decorations on their canes.
Opening the parade were the lesser but flamboyant groups including the Eyo Iga Bajulaye parading it’s warlord on a horse, the Akogun green spotting a green theme on their robe and the Olokun group coming out in all white as they clap their canes in rhythm to their chants.
The five major different Eyo groups came in tow afterwards in an ascending rank order. The Eyo Agere appeared in their thematic purple coloured accessories while the Ologede followed with green patterned hats and cane. The Oniko and Alakete Pupa followed with yellow and red decorations respectively.
Among the Eyo groups which featured in the procession were Jakande, Elegushi, Ajiweforisha, Oshodi, Etti, Salawe, Faji, Kakawa, Sogunro, Taiwo- Olowo, Bajulaiye Asogbon, Suenu, Bashua, Erelu Kuti, Egbe, Shaasi, Asajon, Eletu Odibo, Aromire, Obanikoro, Oshodi- Bukku, Onisiwo, Bajulu, Onitana, Oloto, Onilado, Akogun Olofin, Balogun okolo
Others are Apena, Oluwa, Alaagba, Saba, Aiyemosan, Olorogun Ide, Olorogun Adodo, Onimole, Olumegbon, Sasore, Onilegbale, Eletu Iwashe, Eletu Ijebu, Ologun Agbeje, Opeluwa, Akitoye, Sobaloju, Ashesi, Ogunmade, Olusi, Modile, Onisemo, Kosoko, Onikoyi, Awise, Ojon, Ojora, Onitolo, Olokun and Oniru.
While speaking at the cultural festival unique to only Lagos Island, governor Fashola described the festival as a cultural celebration of transition. He implored Lagosians to be introspective during the celebration and remember the significance of the festival and also highlighted the economic gains of the festival.
He recalled that the late Chief Yesufu Oniru in whose honour the Eyo was being staged was a leader who through the instruments of law sought to ensure that his people were not deprived of what was theirs.
The Governor added that the late Chief who was also the father of the present Oniru of Iruland, Oba Idowu Abiodun won many legal battles against the acquisition of his ancestral property by the then emerging colonial authorities.
“As in Eyo TOS Benson, which was held in April 2009, this festival is different from other performances since it is also designed to accommodate a larger audience without diluting the precepts and core values of the play”.
“Whilst the Eyo festival provides an occasion for us to celebrate, it is also important for us to be introspective. We should remember this festival’s significance which is largely within the context of preparations and performance of formal acts by the Oba of Lagos and the elders of the craft”, he reiterated.
The Governor also used the occasion to appeal to the people to complete the Adamu Orisha play by engaging in a massive cleanup of the State starting from Saturday evening.
The festival was closed by the head of the Eyo group, the black hat Eyo Adimu.
http://www.channelstv.com/global/news_details.php?nid=30345&cat=Local
Thursday, October 6, 2011
Le Méridien (Grand) Ikoyi Towers
The Le Meridien Grand Towers, Ikoyi project, has been driven within a very precise aspiration, that is to create two towers of 15 storeys high landmark Hotel and Residential tower in Lagos, Nigeria, as an icon in the skyline of the bay. This will provide the most luxurious accommodation in the City. The position of the project is in the heart of the prestigious Ikoyi Island. From a certain height of the building, the occupants will have views on both sides overlooking the Lagoon. It aims to combine a modern architectural expression with more classical formal elements and layouts.
Although the two towers are similar in their architectural style, they have different facades, each adapted to the functions they house. The two towers are sitting on the podium. The podium houses all the entrances, receptions, function halls, support services and amenities necessary for this top class complex. Both have three regiments: a base, a middle portion of the tower, and a top.
Le Meridien Grand Towers will have 271 suites divided in 5 different suite size categories: the King Suite, the Twin Suite, the Suite, the Diplomatic Suite and Visitors' rooms (attached to other suites). Added to these, there will be 46 smaller rooms that form part of the four Suites located at the end of the two West wings of the Hotel. This brings the number of keys to 317. Its VIP floors and services will rival any world-class accommodation, thus making Le Meridien Grand Towers Hotel the top accommodation in Lagos
Ikoyi Bridge
Lekki-Ikoyi Bridge
Bilfinger Berger Nigeria GmbH develops customized designs for bridges in Nigeria such as the Lekki-lkoyi Bridge in Lagos, shown here. We support our operating partner with comprehensive logistics services during the construction period.
Not only in Lagos, but also in all other construction projects throughout Nigeria, we provide Julius Berger Nigeria with materials and equipment that are difficult or impossible to procure inside the country. We thus provide logistical and planning support for the construction of the Lekki-lkoyi Bridge in Lagos.
The bridge in Lagos, one of the largest cities in the world, will connect two heavily congested districts, thereby relieving city traffic. The plans for Nigeria’s first cable-stayed bridge were drawn up by design specialists from Bilfinger Berger Nigeria GmbH.
The structure comprises a 700-meter full-span approach bridge. Connected to this is a segmental bridge of more than 600 meters in length, at the center of which is a 91-meter high pylon.
Car maker, Porsche opens show room in Victoria Island, Lagos, Nigeria
Porsche Centre Lagos
179 Akin Adesola / Kofo Abayomi Street,
Victoria Island, Lagos
Nigeria
Car maker, Porsche recently opened a show room in Victoria Island, Nigeria. Located on Akin Adesola Street, opposite Globe Motors, the Porsche showroom is tastefully built and features the latest models of Porsche’s cars including various models of Porsche 911, the Cayenne sports utility vehicle amongst others.
Porsche’s presence in Lagos is likely a boon for car lovers around the city.
To contact Porsche in Nigeria by phone or e-mail, check out its contact details below:
Tel: 0807 1 911911
Tel: 0807 4 911911
Tel: 0807 5 911911
Tel Abuja: 0807 2 911911
Tel Port Harcourt: 0807 3 911911
Email: info@porsche.com.ng
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