The Project Sponsor has secured a Corporate Guarantee from the Federal Government for the project, in respect of investors willing to fund the project.
The investment would require Funds for capital expenditure and working capital expenses. Financial experts have projected 31% Internal Rate of Returns (IRR). This IRR is by far on the conservative side as some prime properties within the environs have higher IRR. The promoters are now having high level discussions with potential off takers and already secured some strategic off takers.
The aim of the promoter is to build an Eco friendly, Smart City, to attract the following structures; facilities and amenities among others:
Independent power generation facility making use Green Technologies for a 100% Clean Energy City.
Commercial centre, which would be led by notable shopping malls
A first-class trauma centre and health facility, offering would class medical treatments and operations.
The ongoing Ibadan-Lagos railway would have a major terminal at the City.
All the housing units would be fitted with solar technology, making the environment eco-friendly.