As is consistent with an emerging market such as Cross River, there is currently an intensive upgrade and initiative to build more infrastructures across all relevant sectors of the economy to meet growing consumer and business demands. Amongst some key infrastructure projects in focus are:
Bakkassi International Deep Seaport
An estimated USD2 Billion world class Deep Seaport PPP project.
- Initiated to provide logistic support for transportation of goods between Nigeria and other part of the world
- The port will be strategically located to serve republics of Cameroon and Gabon and the entire North, East and Southern Nigeria via roads, train, and western part via inland water ways.
- Propose to provide container handling, storage capacity and import capacity Vehicles, heavy equipment’s, Oil and gas products, etc.
- Provide supply route base for regional logistic base and regional training hub for West Africa
- Investment opportunities: private developers and facility Managers required.
260Km Calabar – Katsina – Ala Digital Super Highway PPP Project
- An estimated USD1.7Bn world class digital high security 275 km super highway designed to meet international best practice
- 275 Km long dual carriage six lane tolled Super Highway with full control of access from proposed Deep Seaport to exit
- Security patrol per mile of the highway
TINAPA – FTZ & Business Resort
Tinapa is the emerging premiere business and leisure resort for Africa, and hosts Nigeria’s only retail Free Trade Zone
- Consist of retail and wholesale shops, entertainment complex, Hotel and Studio Tinapa
- Four Emporiums of 10,00sq meter each price of $200 per sqm
- First year is rent-free as an incentive
- Entertainment centre consists of
- Cinema
- Conferencing facility
- Sea–world arcade
- Casino
- Water park, etc
- Fisher man’s village overlooking the 4 – 5 meter deep lake with exotic restaurants
- Mini–amphitheatre for 60 persons, pubs, arts and craft village etc
- Amber Tinapa hotel with 242 room rates ranging from $90 – $250 per night
- Studio Tinapa consist of two studios, makeup rooms, set creation, workshop, sound track & Editing studio, an amphitheatre devoted to film production
Calabar Export Processing Zone – CFTZ
Nigeria’s premiere Free Trade Zone occupies a total land of 180 hectares, with capacity for 80 to 100 industries. Other features and incentives include:
- Tax holiday for 3 years;
- No Import or Export Licenses required;
- Sale of up to 25% of production is permitted in domestic market;
- All exports under the Nigerian Value-Added Tax (VAT) system are zero–rated, and dividends received from investment in export–oriented businesses are free of tax.
- Opportunities abound in establishing of industries and building of new zones.
Calabar Energy City
The Energy City eco–industrial park is an integrated destination of international significance located in the city of Calabar. The project is an economic industrial park covering an area of over 375 hectares with comprehensive facilities including well-laid out Industrial, Commercial and Residential areas as well as a harbour and petroleum tank farms. The ultimate goal is to provide Companies located in the Zone with a Safe, Secure, first-class environment and an uninterrupted power supply that helps their economic performance in a sustainable manner.
Key components of the Zone include:
- Industrial area
- Commercial area
- Residential areas
- 24-hour multi-level security
- Logistics base
- Free Zone Port
- Tank Farm
- Uninterrupted power supply
- Full-spectrum air service
- Ultra-modern health care facility
- World-class infrastructure
- Green and carbon-neutral environment
- Private developers are required on a PPP, BOO or BOT basis.
Calabar Central Market
The new Calabar Central Market is planned as a Public Private Partnership (PPP) between the Cross Rivers State Government and potential investors for the development of a model market complete with modern facilities and infrastructure such as paved internal road network, adequate parking, pipe borne water, modern toilets, fire station, clinic, crèche, and an administrative block, etc.
The project is situated on approximately 94 hectares of land at Ekabo, within the outskirt of Calabar Municipality and when completed will involve the development of over 4,500 modern lock-up retail and wholesale as well as open shops with covered walkways. The project is expected to be realised in two phases, starting with 4,500 shops in phase one which is scheduled for completion before year 2020.
Investment Opportunities: Private developers and facility Managers required.
Calabar International Conference Centre – CICC
The multi-functional and flexible building will also offer the citizens of Calabar a new cultural centre that will provide the setting for concerts, film festivals and exhibitions. The Calabar International Conference Centre consists of four adjoining, sculptural volumes. The building is situated on top of a hill and has a panoramic view from the foyer. On one side, the location on the middle of the hill creates a natural amphitheatre with a room for several thousand people. On the other side, you have a spectacular view of the river delta.
The CICC project comprises of:
- a world-class, purpose-built 2,000-seater multipurpose auditorium;
- Proposed four-star hotel, 18-hole golf course and world-class golf estate.
Investment Opportunities: private developers and facility Managers required.
Calabar Monorail
In fulfilment of its commitment to raising the standard of transportation in Cross River, the Government plans a US$150 million investment on a 13.8-km long monorail linking MEIA (Calabar International Airport) with the Tinapa FTZ and CICC.
- CRSG will invest in rail track and ancillary facilities;
- CRSG will concession operations to private investors;
- Designs completed and construction expected to commence.
Investment opportunities: private developers and facility Managers required.
Cross River International Hospital (CRIH)
The CR International Hospital is a world-class medical facility designed to provide specialist medical care that meet American Joint Commission Standards requirements.
- Project is conceived to be Nigeria’s first Medical Tourism Facility;
- CRIH to be affiliated with a any interested potential investors;
- The Hospital development is expected to be sited in 3 campuses – Calabar, Ugep and Obudu, the Calabar phase will comprise a 200-bed hospital with complete radio-diagnostic, endoscopy, open surgical and intensive care facilities.
- The Calabar facility has been designed by REES Architect of USA .
- The Hospital is designed to provide alternative services to over 3 million Nigerians who seek medical attention abroad.
Investment opportunities: private developer and facility Managers required.
