The CDS Group has completed its conceptual master plan for a new $80m amusement park in Nigeria.

The CDS consortium announced its intentions to develop a 200-acre park in May 2009. The group said it plans to utilise a "holistic approach" to divide the resort into "multi-faceted activity groupings that will spur tourist attractions and provide visitors with everlasting memories".

Financing will be arranged through the Ex-Im Bank’s new $300m credit facility for Nigeria. Diamond Capital, a subsidiary of Diamond Bank, Nigeria has also expressed interest in providing the local bank guarantee.

Construction of the park, which will be located in the mainland state of Enugu, is expected to start early 2010 and be completed by December 2012.