Delta Releases Compensation Money For Proposed Asaba Waterfront City Project

Delta State government said it released money for compensation to the property owners and also to the contractor for the proposed Asaba Waterfront City Project in the state capital.

Governor Sheriff Oborevwori, who disclosed this during the inspection of the project said it had commenced construction of access road to the site.

He said they are coming to Asaba because they find Asaba very comfortable and “they know that we are also hospitable.”

According to him, the state government’s role was to construct a 6-lane access road to the new city, while the developers were expected to reclaim the land and develop the city.

“Asaba is becoming very attractive to property developers who are coming from Lagos to Asaba because Asaba today is housing most of those people from the South-East.

“The Asaba waterfront city project is a Public Private Partnership (PPP) arrangement between the state government and the developers.

“Our obligation is to reclaim the place to give them an access route, a six-lane access road, to this place. They have done about 20 percent of this job; the challenge they are having is the buildings on the right of way.

“They have assured us they will complete the road project in July; so, I have come here to look at the work that has been done and I am happy that they are on site. If they continue at this speed, I know that before the end of this year, the project will be completed.”

The waterfront city project was conceived by the previous administration through a Public Private Partnership (PPP) Model.