Progress

  • ORANGE ISLAND DEVELOPMENT COMPANY

    Incorporation of Orange Island Development Company as special purpose company for the reclamation, dredging, development and ownership of the Orange Island Project.

  • MOU WITH LAGOS STATE

    Signing of Memorandum of Understanding with Lagos State Government.

  • EIA I

    Completion of Dry Season Environmental Impact Assessment

    Delegates from the Ministry of Environment at the Environmental Impact Assessment Exercise - June 2014

  • Van Oord

    Appointment of Van Oord as Dredging Contractor to the project

  • Partnership with Lagos State

    Partnership terms agreed with Lagos State Ministry of Waterfront and Infrastructure Development (MWID)

  • Marketing

    Commencement and completion of first stage of marketing – 25 plots.

  • Governor Approved Project

    Formal project approval by His Excellency Babatunde Raji Fashola (SAN)

  • EIA II

    Completion of Wet Season Environmental Impact Assessment

    Environmental Impact Assessment Panel reviewing meeting – June 2014

  • Close Out Meeting

    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

    Execution of Agreement with Lagos State MWID
  • Financial close

    Financial close on 1 stage financing from Keystone Bank Limited Nigeria
  • Completion of Regulatory permits

    Completion of Regulatory permits; Van Oord mobilises to site

    1. Mining Licenses. For the Fed. Min. of mines and steel. NOV – 2013.
    2. EFCC/Special Control Unit against Money Laundering. MAY – 2014.
    3. National Inland Waterway provisional Permit. JUNE – 2014.
    4. EIA Interim approval. JULY – 2014
    5. Lagos State Inland Waterways permit. AUGUST – 2014.
    6. Ministry of Waterfront Infrastructure Devt. permit. AUGUST – 2014.
  • Dredging and reclamation

    Dredging and reclamation commence

    Commencement of Dredging Work on the Island, September 2014.Van Oord mobilized the first pontoon and equipment for dredging and reclamation.

  • Phase 1 sales of plots

    Phase 1 sales of plots completed
  • 1 year anniversary

    1 year anniversary of reclamation; 84 hectares of land reclaimed
  • Access road

    Access road reclaimed

    The access road leading to the island was reclaimed and linked to the island on the 8th of December 2015, allowing visitor to drive down to the island

  • 125 hectares of land reclaimed

    125 hectares of land reclaimed

    Another Milestone at 56% (84 Hectares) of the Island is Completed.

  • Completion of reclamation ahead of schedule

    Completion of reclamation ahead of schedule

    AERIAL VIEW OF THE ISLAND