Lagos Approves Construction of N49 Billion Medical Park

By Ujunwa Ochulo

The Lagos State Government on Wednesday said it has concluded plans to construct a world class medical park under a Public Private Partnership (PPP) arrangement.

"It gives me great pleasure to announce that after the receipt of a Certificate of Compliance from the State Public Procurement Agency and a final presentation today to the Executive Council of Lagos State, approval has been given to MEDIPARK International Limited Consortium which comprises of MEDIPARK International Limited, Cleveland Clinics Ohio USA, St. Barnabas Healthcare System New Jersey and American Hospital Management Company Washington DC to be the developer to construct manage and operate a medical park. It is a joint venture arrangement with Ibile Holdings Ltd," said Jide Idris, the State's Commissioner for Health.

Idris, who briefed journalists after the weekly State Executive Council Meeting alongside the Commissioner for Information and Strategy, Mr. Steve Ayorinde and Commissioner for Physical Planning and Urban Development, Mr. Wasiu Anifowose, said the project would be completed in 20 months, and that it would gulp about N49 billion, while the State Government would only provide the land and the market.