Delta, investors in commercial city development deal

In its commitment to boost the infrastructural development in the state, the Delta State Government last week entered into agreement to kick- start the construction of a new commercial city in the capital, Asaba.

The memorandum of Understanding (MoU) was signed between Mr. Festus Ovie Agas on behalf of the state government, in presence Governor Ifeanyi Okowa and two development partners – Messrs Messrs. Moise Nassogui of D’Arcano Group and Olawole Rhodes-Vivour of Al HUDA Nigeria Limited.

The governor said that the people were desirous for development, assuring that the government will provide an enabling environment for infrastructural development of the State.Okowa expressed confidence that the initiative will not only provide employment for the army of unemployed youths but also bring development to the state.

Okowa said: “The process of the Memorandum of Understanding [MoU] is heart-warming as everyone is eager to get the project started, deltans are eager to see development in the state, we are convinced the time for the Delta Commercial City is now, as we are building a city for the future today.”

While reiterating the determination of the government’s commitment and support to enable the project take off within the shortest possible time, he remarked that the government will provide the enabling environment especially security for the project to thrive.

The governor assured the development partners that the project “is an economic plus as it is located in a prime area and will attract a lot of businesses” adding that the mutual economic gains to all the parties cannot be quantified.

The Chairman, Steering Committee for the project, Mr. Kingsley Emu said that with the signing of the MoU, the process to begin the development of the project would be activated and the Special Project Vehicle [SPV] would be put in place.

He assured that the project worth several millions of dollars has great economic prospects for the state and the investors.Messrs. Moise Nassogui of D’Arcano Group and Olawole Rhodes-Vivour, Al HUDA Nig. Limited on their part, said that the Delta Commercial City was a project which would pivot the development of the state promising due diligence in the delivery of this project.