RAILWAY GUEST HOUSE PROJECT MARKS THE BEGINNING OF A NEW BUSINESS STRATEGY- ZALANGA
Oru Leonard
The Managing Director of Railway Property, Mr Timothy Zalanga has said the 40-bed hotel project worth N320 million at the Nigerian Railway Ebute-Meta station in Lagos has marked the beginning of a new business strategy for the NRC, focusing on property development rather than leasing of lands.
Mr Zalanga stated this on Wednesday during the unveiling of the facility which is equipped with a swimming pool, restaurant and meeting hall, among other facilities.
According to him,“This project shows that with the focus of the present regime on Railway Development, many more can be achieved in the overall interest of the general public”.
Mr Zalanga said 60 per cent of the construction cost was funded from replacement costs of some of the NRC structures that were demolished to pave way for the new Lagos – Ibadan standard gauge line to get into Apapa port.
The remaining 40 per cent was funded by Railways Property.
NRC Managing Director, Fidet Okhiria, said that the guest house would be managed by hospitality and lifestyle company, Ojez Group, following a successful bidding process involving over 30 entities.
Joseph Odobeatu, Managing Director of Ojez Group, said security within the hotel would be provided by the Nigerian Police Railways Command, private security and an internal security team.
