Eko Atlantic City
Encyclopedia
Eko Atlantic city is a planned district of Lagos
, Nigeria
, being constructed on land reclaimed from the Atlantic Ocean
. Located on Lagos’ Bar Beach, the proposed development is anticipating upon completion 400,000 residents and 250,000 commuters flowing daily to the new island. The development will also have a positive environmental impact; its purpose is to stop the erosion of the Lagos coastline.
Adjacent to Victoria Island
, Eko Atlantic will rise as the next generation of property in Africa. Expected to be around 4 square miles (10.4 km²), the city will satisfy needs for financial, commercial, residential and tourist accommodations with a state-of-the-art high-tech infrastructure in line with modern and environmental standards. These standards will offer the city’s residents modern water, waste management, security and transportation systems. Eko Atlantic will also offer its residents an independent source of energy generated specifically for the city.
Eko Atlantic hopes to be a powerhouse for Nigeria. The project is expected to have a positive impact on Lagos as well as Nigeria in general. Throughout the project’s lifetime, thousands of jobs will be created as well as providing business and residential districts for Nigeria. From its financial partners Guaranty Trust Bank
, First City Monument Bank
and First Bank
, US$400 million were lent. The project will be marketed by Diya, Fatimilehin & Company.
As of May 2009 the project was still in its dredging phase. To date, a a total of about 3000000 cubic metres (3,923,851.9 cu yd) has been sand-filled and placed in the reclamation area, while about 35,000 tonnes of rock has been delivered to the site. In certain parts of Bar Beach the land being reclaimed can already be seen. Dredgers, large ships which move sand, are working around the clock filling the area with sand where the city will be built.
Contractor is China Communications Construction Group
, a global leader in the field of marine dredging and landfill operation. Consultants are Royal Haskoning (traffic and transport expertise) and ar+h Architects. South Energyx Nigeria Ltd. a subsidiary of the Chagoury group
was specifically created to undertake the development. Testing of the sea defence system
found place at the DHI Institute in Copenhagen
, Denmark
, where models were successfully tested for one in a hundred-year ocean surge
, one in 120 years, one in 150 years and one in 1,000 years‘ storm
, the worst storm that possibly can happen in the area.
Lagos
Lagos is a port and the most populous conurbation in Nigeria. With a population of 7,937,932, it is currently the third most populous city in Africa after Cairo and Kinshasa, and currently estimated to be the second fastest growing city in Africa...
, Nigeria
Nigeria
Nigeria , officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in...
, being constructed on land reclaimed from the Atlantic Ocean
Atlantic Ocean
The Atlantic Ocean is the second-largest of the world's oceanic divisions. With a total area of about , it covers approximately 20% of the Earth's surface and about 26% of its water surface area...
. Located on Lagos’ Bar Beach, the proposed development is anticipating upon completion 400,000 residents and 250,000 commuters flowing daily to the new island. The development will also have a positive environmental impact; its purpose is to stop the erosion of the Lagos coastline.
Adjacent to Victoria Island
Victoria Island (Nigeria)
Victoria Island is an affluent town that encompasses a former island of the same name that sits between Lagos Island and the Lekki Peninsula in the Lagos Lagoon. It is the main business and financial centre of Lagos, Nigeria. Victoria Island is one of the most exclusive and expensive areas to...
, Eko Atlantic will rise as the next generation of property in Africa. Expected to be around 4 square miles (10.4 km²), the city will satisfy needs for financial, commercial, residential and tourist accommodations with a state-of-the-art high-tech infrastructure in line with modern and environmental standards. These standards will offer the city’s residents modern water, waste management, security and transportation systems. Eko Atlantic will also offer its residents an independent source of energy generated specifically for the city.
Eko Atlantic hopes to be a powerhouse for Nigeria. The project is expected to have a positive impact on Lagos as well as Nigeria in general. Throughout the project’s lifetime, thousands of jobs will be created as well as providing business and residential districts for Nigeria. From its financial partners Guaranty Trust Bank
Guaranty Trust Bank
Guaranty Trust Bank plc also known as GTB or GT Bank is the third biggest, but most profitable bank in Nigeria based in Victoria Island, Lagos.- History :Registered on January 17, 1990 by Central Bank of Nigeria....
, First City Monument Bank
FCMB
FCMB is a full service bank of Nigeria. Offering consumer banking, commercial banking and investment banking services, FCMB was the first bank to be established in Nigeria without government or foreign support. The bank's main offices are located in Lagos. FCMB currently operates over 120...
and First Bank
First Bank of Nigeria
First Bank of Nigeria is a Nigerian bank and financial services firm.First Bank traces its ancestry back to the first major financial institution founded in Nigeria; hence the name. The current chairman is Dr. Ayoola Oba Otudeko, OFR...
, US$400 million were lent. The project will be marketed by Diya, Fatimilehin & Company.
As of May 2009 the project was still in its dredging phase. To date, a a total of about 3000000 cubic metres (3,923,851.9 cu yd) has been sand-filled and placed in the reclamation area, while about 35,000 tonnes of rock has been delivered to the site. In certain parts of Bar Beach the land being reclaimed can already be seen. Dredgers, large ships which move sand, are working around the clock filling the area with sand where the city will be built.
Contractor is China Communications Construction Group
China Communications Construction
China Communications Construction Company Group, China Communications in short form, is an infrastructure and engineering group based on mainland China.- History :...
, a global leader in the field of marine dredging and landfill operation. Consultants are Royal Haskoning (traffic and transport expertise) and ar+h Architects. South Energyx Nigeria Ltd. a subsidiary of the Chagoury group
Chagoury group
Founded in 1971 by Gilbert R. Chagoury and Ronald Chagoury, the Chagoury Group is headquartered in West Africa. The portfolio of activities include construction and property development, flour mills, water bottling and purification, glass manufacturing, insurance, hotels, furniture manufacturing,...
was specifically created to undertake the development. Testing of the sea defence system
Coastal management
In some jurisdictions the terms sea defense and coastal protection are used to mean, respectively, defense against flooding and erosion...
found place at the DHI Institute in Copenhagen
Copenhagen
Copenhagen is the capital and largest city of Denmark, with an urban population of 1,199,224 and a metropolitan population of 1,930,260 . With the completion of the transnational Øresund Bridge in 2000, Copenhagen has become the centre of the increasingly integrating Øresund Region...
, Denmark
Denmark
Denmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...
, where models were successfully tested for one in a hundred-year ocean surge
Storm surge
A storm surge is an offshore rise of water associated with a low pressure weather system, typically tropical cyclones and strong extratropical cyclones. Storm surges are caused primarily by high winds pushing on the ocean's surface. The wind causes the water to pile up higher than the ordinary sea...
, one in 120 years, one in 150 years and one in 1,000 years‘ storm
Storm
A storm is any disturbed state of an astronomical body's atmosphere, especially affecting its surface, and strongly implying severe weather...
, the worst storm that possibly can happen in the area.