📋 Tender Overview
Project Number: 45682
Company Name: LAGOS FREE ZONE COMPANY
Date ESRS Disclosed: Nov 21, 2023
Country: Nigeria
Region: Central Africa, Liberia, Nigeria, and Sierra Leone
Environmental Category: A
Status: Pending Approval
Department: Regional Industry - MAS Africa
Project Description
Tolaram ( Tolaram , or the Client ) owns and operates the Lagos Free Zone Company ( LFZC , the Project or the Company ), a subsidiary of Tolaram, managing the Lagos Free Zone ( LFZ or ‘the Zone ) located in Ibeju-Lekki of Lagos State, approximately 60 kilometers east of the city of Lagos in Nigeria.
The total area of the LFZ is 842ha divided into 2 parcels. The main LFZ site of 624 hectares (Parcel A) is north of the Lekki coastal road and the other parcel of 116 hectares (Parcel B) is a waterfront site located south of the coastal road. Development of the LFZ is being undertaken in three phases, with Phase 1 covering a 300ha of Parcel A and Phases 2 and 3 covering the remaining area. A total of 70% of the LFZ is marked for development and operation of industrial facilities, 20% is for logistics and 10% for real estate development to support activities such as trading, manufacturing, packaging, warehousing and other ancillary services as per the Lagos Free Trade Zone Regulations (LFTZ Regulations, 2016) issued pursuant to the Nigerian Export Processing Zones Authority (NEPZA) Act (NEPZA Act).
Phase 1: Completion of the LFZ Phase 1 Development Plan is planned for 2024 with approximately 80% of Phase 1 completed. This includes: (i) a deep sea port (Lekki Port or ‘LP’); (ii) an industrial hub with standard industrial manufacturing factories and warehouses; (iii) 2 residential towers; (iv) ancillary facilities, including a power plant, a solid waste management or materials recovery facility; (v) road infrastructure within the LFZ; and (vi) zone level support infrastructure including a customs processing center, police station, a security command center, a helipad, a fire station, a truck park, a medical clinic, a broadband network and bank branches. Facilities to be completed as part of the Phase 1 include: (i) a Piped Natural Gas (PNG) power plant; (ii) an additional residential tower; (iii) an industrial training center, and; (iv) an EDGE certified commercial office tower.
Phase 2: Phase 2 of the LFZ is expected to be developed in 2-3 years after the completion of Phase 1. Facilities to be developed include: (i) additional industrial facilities; (ii) a heavy vehicles truck park; (iii) additional residential apartments (iv) water supply network.
Phase 3: the waterfront site is earmarked for non-industrial use such as residential, commercial, utilities and future mixed-use development. It will also be the recreational and tourism area in LFZ due to its location outside the bonded zone. A desalination and effluent treatment plant is also planned once the zone is fully developed.
Financing Sources:
2) World Bank (WB)
1818 H Street
