Rivers State Nigeria

...invest

in Nigeria’s Garden City

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PORT HARCOURT RIVERS STATE, NIGERIA www.riversstate.gov.ng

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GOVERNMENT OF RIVERS STATE

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NIGERIA'S TREASURE BASE Rivers State with capital in Port Harcourt is a globally recognised socio-economic centre and one of the states in Nigeria. Rivers State is Nigeria's oil and gas centre. It is also the threatened but colourful eco-tourists' paradise with its over 3000 creeks, endless marshes, lagoons, mangrove and rain forests teeming with a multitude of the various faces of nature's fauna and flora striving for life beside the polluting presence of oil exploration activities: the enigmatic birthplace of globally acclaimed civil environmental rights activists co-existing with hot-headed

militants.

Indeed today, Rivers State is on course to fulfilling its promises of becoming Africa's greatest economic success. It has one of the richest oil and gas resource profile in Africa, a beautiful natural environment, and the appropriate regulatory framework to enable businesses thrive. Most importantly, it possesses a hospitable but very aware local population demonstrably committed to doing business with genuine investors.

The opportunity represented by the state is magnified by the fact that it is governed, today, by a team committed to delivering all the basic infrastructural and policy support necessary for harnessing the dream that the state represents. Our global standing arising from the judgement of such international agencies like Standard and Poor as well as Fitch bear eloquent testimony to this: Rivers State is your destination of first choice for an investment bouquet that would keep your mind at rest.

I invite you to visit Rivers State.

Rt. Hon. Chibuike Rotimi Amaechi.

Governor, Rivers state

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GOVERNMENT OF RIVERS STATE

Our efforts and other key areas of interest to investors TRANSPORTATION Rivers State is committed to the provision of mass transportation to cater to its daily swelling population as well as the expected influx of persons into the state.

To that end, the state is embarking on the following; o N60 billion Mono rail project (N11 billion already paid); o Establishment of buses, land and water taxis; o Construction of three bus terminals.

ENVIRONMENTAL SUSTAINABILITY The maintenance of the environment on a sustainable basis has become a very key component of the State's socioeconomic policy direction. Rivers State government is currently involved in various sustainable environment maintenance schemes including: o Waste-to-wealth o Scrap-to-wealth; and

GREATER PORT HARCOURT CITY

o Other mass systems of refuse disposal compatible with international best practices.

Urban renewal THE GREATER PORT HARCOURT PROJECT The Rivers State capital, Port Harcourt popularly known as the 'Garden City� has over the years seen an upsurge in population growth which has resulted in the overstretching of its infrastructural base.

To reverse the development and restore the city to its

founding visions, the State Government has embarked on a

SPECIFIC AREAS OF INVESTMENT IN GREATER PORT HARCOURT'S NEW CITY Crime prevention and integrated security system 24 Hours Electricity supply Network of reticulated water supply Public transportation system Storm water management and disposal system Residential neighbourhood Commercial zone and structures Industrial areas, parks and gardens OTHER INVESTMENT OPPORTUNITIES

state-wide programme of urban renewal and development of infrastructure chief of which is the development of Greater Port Harcourt City project.

GREATER PORT HARCOURT: OPPORTUNITIES

PROJECT PARTICULARS

some two (2) million persons. Its key anchors are the old Port Harcourt city, Port Harcourt International Airport and the Onne Harbour.

The new City is planned to be a modern fully serviced area of 2500 hectares of land with residential accommodation for 30,000 housing units, commencing with 3000 housing units in Phase 1A.

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FUNDING REQUIREMENTS

Monte @Rivers

USD 150m provision USD 100m

Justice Adolphus

USD 150m

USD 120m

IP @Rivers

N28bn

N28bn

New University

N60bn

N60bn

N7bn

N7bn

Greater Port Harcourt as conceived is to encompass an area of approximately 1,900 square kilometers of land absorbing

TOTAL COST

for equity and debt financing

Karibi-White Hospital

of Science & Technology 10,000 hectares Oil palm Estate

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