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Old January 22nd, 2009, 11:18 AM   #1
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Join Date: Feb 2006
Location: Sud
Posts: 21,218

PORT HARCOURT | Port Harcourt International Airport Hotel | 60 fl | Pro

Port Harcourt International Airport Hotel

Name: Port Harcourt International Airport Hotel
City: Port Harcourt
Use: Leisure
Floors: 60F
Status: Proposed (Nearing Approval)

Transcorp plans $500m Port Harcourt hotel

From Kelvin Ebiri, Port Harcourt

THE Rivers State government says it would soon conclude an agreement with Transcorp Hilton Corporation Nigeria for the construction of a Transcorp Hilton Hotel in Port Harcourt.

The 60-storey hotel would be located at the site of the Rivers State Transport Corporation, (RTC), Waterlines junction by Olu Obasanjo Road, Port Harcourt.

Rivers State Commissioner for Information, Ogbonna Nwuke, said work on the project is expected to commence in January 2009. He explained that already, Transcorp Hilton has raised an initial sum of $500 million for the project and $1 million as guarantee should it fail to appear on site within one month.

Nwuke said under the agreement, Rivers State, which would own a 20 per cent equity in the investment, would make land available as its own contribution to the project, in line with the public-private-partnership arrangement.

He also disclosed that the state government has entered into an agreement with an undisclosed South African firm to revitalise and manage the Port Harcourt International Airport Hotel, Omagwa, under a public-private-partnership arrangement.

The Commissioner said another agreement has been reached with a South African firm, Shop Rite, to manage the multi-billion naira state-owned shopping Mall under construction at the GRA Junction, Port Harcourt.

Nwuke said the benefits from the ventures would include the creation of employment opportunities for indigenes of the state and revenue for the state government.

Meanwhile, the Commissioner for Urban Development, Mr. Osima Gina, has said that a vast area of land belonging to the state government has been recovered between Okija and Olu-Obasanjo Road, following the urban renewal initiative carried out in the area.


Originally Posted by GAR3TH View Post
Originally Posted by Moonblue View Post


This is essentially an approved development, because it is only one step away from being approved and then constructed. It's a serious proposal that is part of the Government's plans but at this point it still proposed as far as I know.

Sorry I don't have the height, but it should become the tallest in Nigeria and one of the tallest in Africa or maybe even the tallest.

From the Nigeria Projects Section
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