The Federal Government and the Centenary City Plc on Friday finally signed the $18 billion centenary city project after disagreements involving the office of the Secretary to the Government of the Federation (SGF), which is coordinating the project, the Federal Capital Territory (FCT) administration and the firm were amicably settled.
The project is envisioned to span a land mass of 1, 264 hectares, 100 per cent private-sector driven and is expected to be completed in 60 months.
It has Sterling Partners and Price Waterhouse Coopers as its legal and financial partners respectively.
Speaking during the signing ceremony, FCT Minister, Senator Bala Mohammed, admitted that the parties involved in the project disagreed on a number of things but later reached some agreement as, according to him, government is one and the common vision is that the parties work in tandem with the vision of President Goodluck Jonathan.
