The construction of the centre, which is to be located in the Central Business District( CBD) of the territory, is being undertaken between First Continental Properties Limited, a subsidiary of Churchgate Investments Limited and Abuja Investment Company Limited (AICL), an investment arm of the Federal Capital Territory Administration( FCTA).
Minister of the Federal Capital Territory( FCT), Senator Bala Mohammed, who disclosed this to newsmen while inspecting the site of the project at the Constitution Avenue yesterday in Abuja, said the project is sitting on 6.102 hectares of land strategically positioned at the heart of the city.
He said the company has decided to invest on the development of the WTC because of the friendly environment for business provided by his administration.
Bala further said the work on the project has already begun and that the phase 1 of it is expected to be completed between April and September 2013.
The FCT administration has said the Phase one of the project comprises of 22 floor commercial tower, a 22-floor service apartment tower and a 30,000 to 40,000 sqm retail mail.
The Phase two, he said, will be the twin WTC towers (35 and 37 floors high) while phase three and four will depend on public demand.
He said the project is a good example of a successful Public-Private-Partnership deal which is in line with the transformational agenda of President Goodluck Jonathan as encouraged by the present administration in the country.
"This project will be used as a model to implement other upcoming PPP projects in the Federal Capital Territory such as the Abuja Boulevard, the Central Park and Botanical Gardens, Area 10 Mixed Development Complex, among others," he said.
He stated that the FCT Administration has already written to the Ministry of Foreign Affairs to obtain a diplomatic status for the Abuja WTC.
The Minister recalled that the FCT Administration in another giant stride has entered into an agreement with the Balkan Group on the development of Abuja Down Town with direct foreign capital inflow of $2.6 billion.
Mohammed directed the Acting FCDA Executive Secretary to ensure that technical staff are posted on ground to assist in maintaining the correct levels for the Circular Road and the Railway station respectively as the project progresses.
Speaking earlier, the Group Managing Director of Churchgate Group, Mr. Vinay Mahtani, said the project will be built expeditiously by the Churchgate Construction Company, noting that Phase one of the project will be completed in 2013.
Mahtani said the project has already provided employment to over 600 inhabitants of the FCT and that the number will increase as theproject progresses.
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