Landmark Africa, a leading real estate and property development company led by Nigerian businessman Paul Onwuanibe, has issued a press release addressing concerns surrounding the Lagos-Calabar 1.5-kilometer Coastal Road project.
The company’s concerns over the project, awarded to Hitech Road Construction Company, a subsidiary of Hitech Construction Company owned by Nigerian-Lebanese billionaire Gilbert Chagoury, have led to promising developments in recent discussions.
Notably, there are talks of potentially rerouting a 1.5-kilometer segment of the road to minimize disruption while utilizing the undeveloped Water Corporation Road median, thus facilitating both project advancement and business continuity.
Addressing concerns and highlighting importance
In the statement regarding the Lagos-Calabar Coastal Road construction project, Landmark emphasized its extensive presence in Lagos, citing its beachfront property acquisition dating back to 2007, well before the conception of the coastal road in 2012. The company also underscored the critical significance of the coastal road as an infrastructure project poised to bolster the regional economy and enhance connectivity.
Engaging with stakeholders including the Lagos State Government, Federal and State Ministries of Tourism, and the Federal Ministry of Works and Housing, Landmark Africa has sought assurances that construction activities will not unduly disrupt operations. The company expressed its commitment to seeking mutually beneficial solutions, which has led to positive progress through constructive dialogues with the government.
While discussions are ongoing, Landmark has identified potential solutions, including the rerouting of a 1.5-kilometer section of the coastal road. By utilizing the undeveloped median of the Water Corporation Road, the company aims to minimize disruption to existing businesses while facilitating the project’s seamless progression.
Landmark Africa: 20-year success story
Landmark Africa, a leading real estate and property development company founded by Paul Onwuanibe, boasts a 20-year history and a diverse portfolio exceeding 130,000 square meters of mixed-use space. The company caters to more than 5,000 organizations, including multinationals, offering residential, leisure, and office development services.
As it navigates discussions surrounding the Lagos-Calabar Coastal Road project, its commitment to constructive engagement and mutually beneficial solutions underscores its pivotal role in shaping Nigeria’s infrastructure landscape. With promising developments on the horizon, stakeholders remain optimistic about the project’s potential to drive economic growth and enhance regional connectivity.
