Incorporation of Orange Island Development Company as special purpose company for the reclamation, dredging, development and ownership of the Orange Island Project.
Signing of Memorandum of Understanding with Lagos State Government.
Completion of Dry Season Environmental Impact Assessment
Appointment of Van Oord as Dredging Contractor to the project
Partnership terms agreed with Lagos State Ministry of Waterfront and Infrastructure Development (MWID)
Commencement and completion of first stage of marketing – 25 plots.
Formal project approval by His Excellency Babatunde Raji Fashola (SAN)
Completion of Wet Season Environmental Impact Assessment
|Close-out meeting on Master Plan with Lagos State Ministries of Physical Planning, Transport & Environment as well Ministry of Waterfront Infrastructure Development|
|Execution of Agreement with Lagos State MWID|
|Financial close on 1 stage financing from Keystone Bank Limited Nigeria|
Completion of Regulatory permits; Van Oord mobilises to site
Dredging and reclamation commence
|Phase 1 sales of plots completed|
|1 year anniversary of reclamation; 84 hectares of land reclaimed|
Access road reclaimed
125 hectares of land reclaimed