Business
FG To Transform Marina Car Parks To World Class Waterfront
The Marina car parks in Lagos would soon be transformed into a scenic waterfront through a Public Private Partnership (PPP) arrangement to boost leisure, tourism and hospitality activities in the country’s commercial capital.
The Director-General, Infrastructure Concession Regulatory Commission (ICRC), Mr Chidi Izuwah, disclosed this to newsmen after inspecting the proposed project site in Lagos, yesterday.
Izuwah explained that the Quayside project, which would be fully financed by private investors, would start from the Leventis/Apongbo axis down to the end of Marina axis.
Reports say that the Marina Quayside project is an unsolicited proposal submitted to the Federal Ministry of Power, Works and Housing by Harris AIB Associates Ltd, a Lagos based firm of architects and developers.
Izuwah told newsmen that the development would support the re-balancing of the economy of Lagos State because it is the commercial capital of the country.
“It will promote the growth of private sector employment from retail and leisure to high skilled occupations in creative, corporate, retail, digital industries and financial services.
“It is a transformative urban and water-front development project intended to be a tourist centre that will provide hotels, condominiums, commercial complexes. among many other facilities in the city.
“If you go to most developed cities in the world, water front are very valuable huge commercial investment, when you go to London, when you go to Sydney, Maryland just to mention.
“Waterfront is valuable piece of land which is developed for commercial and housing purposes, creating employment and revenue to the economic units.
“So there is what is called unsolicited proposal from a private component to develop what is called Marina Quayside project. This is what we called a privately initiated infrastructure proposal,” he said.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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