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LASG, private partners bring business district to Lekki

Lekki, the fastest growing axis of Lagos, one of the world’s fastest growing cities, is set to have an ultramodern business district.

This is courtesy of the public-private partnership between the Lagos State government and WTES Limited, a firm of private developers, which would in 18 months complete a major upgrade of the area around the Third Lekki Roundabout.

The new development is christened LaPlage Business District, and it keys with the vision of the Babatunde Fashola government to provide Lagos with the facilities and infrastructure of a mega-city.

The LaPlage project is essentially an urban renewal project for the area around the Third Roundabout in Lekki.  It will tackle the scourge of traffic congestion at the roundabout and remove the shanties that promote the disorganised commercial activities in the area. It is understood that the Fashola government is giving enthusiastic support to a project that it perceives as combining environmental and commercial strengths.

According to the project documents from WTES, the urban renewal and beautification scheme of LaPlage would involve a redesign of the Third Roundabout, the redesign and relocation of the gate and the construction of a modern bus terminus. The goal of the partners in the project is to enhance the aesthetic appeal of the area and to relieve traffic congestion by providing a more organised platform for the loading and discharge of passengers. Gbenga Akanbi, spokesman for WTES, said that the adjoining Jakande Estate would also enjoy a facelift as part of this general revamp.

Integral to this urban renewal effort is the LaPlage Business District which would have a shopping complex and a mall and office block with substantial green areas. The spacious shops and offices would be in blocks that would also accommodate restaurants, cinemas and sports clubs. The shops would come with a loading bay, adequate parking and world-class safety and security systems.

The LaPlage project is being hailed as a unique effort to bring an organized business location to Lekki. WTES’ Akanbi says LaPlage is another instance of government vision merging with private sector can do spirit to propel the megacity vision. He disclosed that WTES has devised a flexible payment option, as subscribers can pay in two installments for a 90-year lease.


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