Chinese, European investors besiege Tomaro Industrial park over $450 project - Harbours

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Chinese, European investors besiege Tomaro Industrial park over $450 project


Harboursandport.com: Lagos --- As foundation work at the $450 million Tomaro Industrial Park commences, investors from China and some countries in Europe have besieged the promoters of the project for partnership in the project expected to provide direct employment for about 2,000 Nigerians.

l-r: CSC Tunji Giwa, Nig. Customs Service, Chairman/CEO of 
Tamoro Industrial Park, TIP, Emmaneul Ihenacho, Mrs. Eloho Francis, Snr.
Manager NAPZA, Uchenna Ihenacho, Managing Director TIP and Assist
Compt. Yakubu Darki, Nig. Customs Service at the inspection of ongoing
work at TIP in Lagos.


Disclosing this in Lagos yesterday, Chairman of Eko Refinery and Petrochemical, the promoters of the project and former Minister of Interior, Emmanuel Ihenacho, took journalists to site to see the piling work for the bed that will hold the storage tanks for the project.
The former minister said that companies from China and Europe have been making inquires about how they can be part of the project, especially after the funds made available by the United States of America, USA government but said that they have not responded because they were trying to complete preliminary work.
He said that they would respond to those who have written to them for partnership and they would make presentation to them on where the expected investors can key into the project.
Ihenacho who showed journalists around five of such piling work with one of them completed, explained that the work is being done by the best hands in the country. He also said that in the next six to nine months the whole site would soon be transformed as serious work would commence there.
He also disclosed that work on the berthing space would soon commence with piling work expected to go as deep as 800 to 900 meters to make it solid, even as he said that the company intends to build a sleep way for ship building and repairs.
He noted that at completion of the shipyard, the company intends to start with the construction of 6,000 to 10,000 dead weight flat bottom vessels that can sail through some of the shallow waterways in the country, especially in the Escravos and Forcados areas where the draft is about 6.5 meters.
He further stated that the entire project will include the 20,000 capacity modular refinery, the ship building/ ship repair yard which also houses a fabrication facility, a helipad for helicopter services, accommodation facilities, strategic storage facility and others.
For the modular refinery, he noted that the $116 million facility with a 15 to 18 months completion time, would produce AGO, Kerosene, Fuel oil and Naphtha for a start but the other component for production of Premium Motor Spirit, PMS could be added in the future.
He also explained that strategic storage facility which is expected to hold 15 billion liters products, could meet the supply needs of the country at times when there is scarcity for 15 days.
He noted that the location of the facility makes supply of crude and supply of refined products from the facility easy as it will be done by water transport, taking pressure for the roads.

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