TOURISM : Delta State Government Sets to Develop Asaba Waterfront City project.

……Engages Stakeholders in Asaba

The Delta State Government has said it will develop the Asaba Waterfront in Asaba as part of efforts to boost its urban renewal and tourism potentials.
The Secretary to the State Government SSG, Dr. Kingsley Emu, stated this during a meeting of the state government, the project host communities and the consultants.
Briefing journalists after the meeting, Dr. Emu said the Asaba Waterfront City Project initiated three years ago on the banks of the River Niger, would be Africa’s newest technology driven city. 
He said the project would be a Public-Private-Partnership PPP venture, between the Delta State Government, which owns 15 per cent, the Asaba communities five per cent and the private investors 80 per cent, adding that the project would be financed through equity and debt capital, in addition to pre-sales financing.  
Dr. Emu said the government acquired 1,000 hectares of land would be  divided into two sections and  given to  the developers of the city, the North China Construction Company and  Falkland. 
He said communities involved in the project had been compensated.
Dr. Emu said government would construct a six-lane road to the project’s shore.
He stated that the dredging of the River Niger that would inter-link the entire 1,000 hectares of the waterfront city, would be a tourist attraction that would generate revenue for all the parties.

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