Why invest in Asaba Waterfront City

Asaba Waterfront City is a prime  luxurious destination lifestyle, which offers people a perfect mix for Work, Live and Play.
It offers the following features:

* Upmarket Waterfront, Lakefront, regular Residential and commercial plots of land.
* Recreational, Entertainment and Tourism Facilities.
* World class infrastructure such as multi lane paved road network, sidewalks with curbs.
* Public parks, gardens, green areas and Riverside Promenade/Boardwalk.
* Street lighting, reticulated potable water supply and 5G Communications network.
* Underground drainage, 24/7 power, central waste water and sewage systems with Waste disposal and property maintenance.  
* 24/7 Security with Security Gatehouses.
* A boat marina, private Jetties and Heliport.

• To reclaim, remediate, redesign and redevelop 400 hectares of swamp land, low lying areas prone to seasonal flooding and a 35,000 hectare lake in Central Asaba City.
• To create new land suitable as a foundation for  Asaba Waterfront City.
• To source sand and fill material from the River Niger to sand fill the project area up to heights of 3 meters to 9 meters depending upon the topography,
• To build a 12 meter high Accropode wall along the River Niger to ensure that River Niger will never flood the new City.
• To create upscale Riverfront, lakefront, regular residential, commercial and recreational plots of land.
• To build world class, 21st Century infrastructure such as high quality roads with sidewalks, a superior underground and above ground drainage systems, below ground sewer, potable water and power networks etc.
• To create a conducive environment so as to attract investments, investors, clusters of high technology and financial/Fintech companies.
• To create an enabling environment for the entertainment and tourism industries.

The land reclamation phase of Asaba Waterfront City may take as long as 24 months and another 12 months to allow the land to settle and compaction to take place. The construction of infrastructure phase will take approximately another 24 months.

More than fifteen (15) million cubic meters of sand and other filling materials is to be sourced from a 10 kilometer stretch of River Niger adjacent to the project area and used to sand fill the swamp land and low lying areas prone to seasonal flooding.

There is approximately 84 million cubic meters of proven coarse sand and other fill material in the River Niger around the project site.

1) The development and transformation of low quality land with limited value and productivity to high quality productive land.
2) Long term economic and financial benefits from 5% stake in AWCDMC such as a steady stream of capital gains and dividends. A 5% stake in AWCDMC is currently worth N10 billion based on the current estimated project cost of N200 billion. In other words you will have to invest N10 billion to get a 5% stake in this project. As with other shareholders, Asaba Host Communities 5% stake in this project will generate two major streams of income. a) 5% of expected net profit from the sale of land after the project has reached the breakeven point and b) 5% of net income from estimated annual property management income and other fees/charges.
3) Short term, immediate financial windfall of N1 billion in compensation to be paid for the swamp lands by Delta State Government.
4) Create new and better quality job opportunities for the local communities. Job opportunities for the Youth.
5) Increase the tax and revenue generating base of Asaba thereby increasing the standard of living of it’s residents.
6) Increased Government presence and investments.
7) Increase in value of adjacent and nearby properties.