Monarch, Channeldrill Resources in $300 million Lekki project

Hope of more housing delivery is the offing in Lagos State, as Lekki, adjudged to be the fastest growing corridor in the West Africa Sub Sahara, is giving birth to a new community to be known as Imperial International Business City (IIBC).

The $300 million project shares boundary with Lekki Phase 1 to the West and and Lekki Beach Resort to the Eastern axis, with three roads leading to it.

Project consultants and Contractors are Messrs Dredging International Limited, Belgium, which is dredging company; Royal Haskoning DHV, Netherlands, marine engineer and reclamation consultants; Mott Macdonald, a United Kingdom based Infrastructure engineering consultants and Gensler Associates, also a United Kingdom based Master and Town Planner.

Speaking on the planned infrastructure and amenities designed for the city, MD/CEO, Channeldrill Resources Limited,  Femi Akioye, stated that the city would be provided with 250 metre entrance road, with fence and gated, among others.

He also indicated that the city will be zoned into residential, mixed used and commercial, with each designed to have low, medium and high density area within each zone.

o tackle flooding in the city, Akioye said there would be reclamation land up to two meters above sea level, a well constructed drainage and functional sewage system and shoreline protection that will be built by a German based contractor-Messrs BAUER Spezialtiefbau GmbH.

“IIBC will be the first eco-friendly smart business city in Africa. It’s a vision of the captain of a new generation and progressive Oba in Nigeria, His Royal Majesty, Saheed Ademola Elegushi and Channedrill Resources Limited who are the joint developers of IIBC.”

“In preparation for the massive investment that is coming to Ikate Elegushi domain, IIBC is determined not to only build a city for the future, but to build a city that will become a case study all over the world”, he said.