The Federal Ministry of Transportation and the Nigerian Ports Authority (NPA) in collaboration with the Edo State Government, have called for bids for the development of the Benin Port (on an area of approximately 20 hectares) under a public-private partnership (PPP).
In an advert for the project, the government said the purpose of the proposed project is to enhance the national water transportation capacity and to develop a multi-purpose port with the capability to handle containers and general cargo.
According to the Federal Government, “The Project has been certified by the Federal Government of Nigeria through the Infrastructure Concession Regulatory Commission (ICRC) as eligible for a PPP. Edo State Government and NPA will act as counterparts for the Project.
READ ALSO: Edo Inland Dry Port project nears completion at 70%
“The Project is in line with Edo State Government’s strategic integrated infrastructure plan to promote infrastructure development, attract investment, create employment and stimulate economic growth. Edo State Government’s vision is to develop in the future, an Agro-Industrial Park (on an area of approximately 717 hectares) adjacent to the Benin Port which will have a positive impact on the port and which the private partner can leverage to create ancillary services and facilities.”
It added that the Edo State Government has engaged the services of CPCS Transcom Nigeria Limited as the Transaction Advisor to assist in the procurement of interested private sector investors with the requisite technical competence, managerial capability and financial resources.
The government added that a Project Steering Committee and Project Delivery Team have been constituted, comprising relevant stakeholders from the Federal and Edo State Governments to coordinate and facilitate all approvals for the Project.
The government said that the preferred private partner’s responsibilities will include: designing, building, financing, operating, maintaining, and transfer of land and marine infrastructure, including quays, yards, buildings, infrastructure services, and marine bollards, among others.
The other details of the project include “Container Terminal operations and maintenance (capacity of 300,000 TEUs per annum); Cargo handling, stevedoring, warehousing and delivery; development and maintenance of port superstructure; management of safety and security within the Port; towage, pilotage, mooring, bunkering, ship channeling and ship repairs, as well as the transfer of technology through training of local personnel.
An important development that occurred in the financial services industry the other week went largely… Read More
Africa’s Global Bank, United Bank for Africa (UBA), has empowered 398 young Africans through its… Read More
The Nigerian Guild of Editors (NGE) has called on the National Assembly make law that… Read More
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has stated that the government's… Read More
The Nigerian equity market defied expectations on Thursday, May 2, 2024, as investors recorded gains… Read More
The naira continued its downward trend, losing value against the US dollar on Thursday at… Read More
This website uses cookies.