FG moves to actualize N43.24bn Ibadan Inland Dry Port




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By Chiazo Ogbolu


Lagos – between Federal Government and China Railway Corporation Limited (CRCC) on the of the N43.24 billion Ibadan Inland Dry is nearing completion.

The Shippers’ Council (NSC) said in a statement on Saturday in Lagos that the 80,000 TEU capacity dry would be built on the basis of Public Private Partnership.

Mrs Rakiya Zubairu, NSC Head of Public Relations, said in the statement that CRCC was the preferred bidder for the facility aimed at addressing congestion and gridlocks in Apapa ports.

Zubairu noted that the NSC would be the guarantor to the concession of the project.

She added that the facility would be designated as of destination where would be consolidated for import and export, especially in the South-Western part of .

“Among other uses, the dry port provide a competitive sorting centre, bulk as well as -tracking and truck management services.

“The Lagos-Kano gauge railway currently under is aligned to the proposed dry port, making it easy to convey from the seaports in Lagos and to all destinations along the route.

“The negotiations emphasised the utilisation of local content at each stage of development and operation of the facility,” she said.

According to Zubairu, an updated Full Business Case Compliance report’’ be produced at the end of the ongoing negotiations.

Afterwards, a draft agreement would 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 would present the agreement to the Federal Executive Council.

She said that the concessionaire would then be taken to the site for sod-turning and immediate commencement of with a completion timeline of 12 months.

“The negotiation was moderated by the Federal Ministry of Transportation led by the acting Secretary and the Director, Maritime Services, Auwalu Suleiman.

“The Director-General of ICRC, Mr 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 State and the preferred bidder CRCC was led by Deputy Managing Director, Jacques Liao,” Zubairu added.

She said that NSC Executive Secretary, Hassan Bello, expressed satisfaction with the proceedings as all parties expressed firm commitment to the actualisation of the project.

According to the NSC Spokesperson, facilitation of the meeting was enabled by the transaction advisors, Aminu Dikko and Mohammed Kumalia, adding that the negotiations would be concluded soon.

(NAN)