N43.2bn Ibadan Dry Port For Completion In 12 Months - Harbours

Breaking

N43.2bn Ibadan Dry Port For Completion In 12 Months


Harboursandport.com: Lagos - The Ibadan Inland Dry Port, IDP expected to cost N43.2 billion (US$94,000,000.00) is to be completed in 12 months.
The project is a result of negotiation meeting between the Federal Government and CRCC, the preferred bidders for the construction of the Ibadan Inland Dry Port is nearing completion.

l-r: Jessica Lu of CCRC, Wang Qiongyu of CRCC and Hassan Bello, Executive Secretary, Nigerian Shippers'Council at the negotiation meeting between the Federal Government and CRCC for the construction of the Ibadan Inland Dry Port.


Nigerian Shippers' Council, NSC is the guarantor to the project which is an 80,000 Twenty Equivalent Unit, TEU capacity dry port to be built on the basis of Public-Private Partnership agreement in Ibadan, the Oyo State capital.
On completion, the facility is expected to contribute to addressing the problem of port congestion and gridlock in Apapa as it will be designated a port of destination where the cargo will be consolidated for import and export, especially in the South-Western part of Nigeria.
In a statement signed by Head, Public Affairs of NSC, Rakiya Zubairu, noted that among other uses, the dry port will provide a competitive cargo sorting center, bulk breaking as well as cargo-tracking and truck management services.
She pointed out that the project is expected to boost employment in Oyo State and other cities in the environs. 
According to her, “The Lagos-Kano standard gauge railway currently under construction is aligned to  the proposed dry port, making it easy to convey cargo from the seaports in Lagos and to all destinations along the route.
“The negotiations emphasized the utilisation of local content at each stage of development and operation of the facility. 
“Having concluded this stage, an Updated Full Business Case Compliance report will be produced. A draft agreement will be presented to the Federal Ministry of Justice and sent to the Infrastructure Concession Regulatory Commission, ICRC, for vetting, after which the Minister of Transportation will present the agreement to the Federal Executive Council.
“The concessionaire will then be taken to the site for sod-turning. It is expected that construction will commence immediately after the ceremony. The time-line for completion is twelve months.
“The negotiation was moderated by the Federal Ministry Of Transportation led by the acting Permanent Secretary and the Director, Maritime Services, Auwalu Suleiman, the Director-General of Infrastructure Concession Regulatory Commission, ICRC, Engr. Chidi Izuwa. Amb. Jummai Katagum who represented the Federal Ministry of Finance was also part of the 4-day negotiation. 
“Also present was Mrs. Olubamiwo Adeosun, Secretary to Government of Oyo State. The preferred bidder CRCC was led by Deputy Managing Director, Jacques Liao,” she noted.

No comments:

Post a Comment