Home News Planned PPP to construct Ibadan Inland Dry Port on top gear Pearl Ngwama

Planned PPP to construct Ibadan Inland Dry Port on top gear Pearl Ngwama

by timenews
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Plans to commence the construction of the Ibadan Inland Dry Port has
gained momentum as the negotiation meeting between the federal
government and CRCC, the preferred bidders for the construction of the
Port is nearing completion.

The 80,000 TEU capacity dry port to be built on the basis of Public
Private Partnership (PPP) agreement in Ibadan, the Oyo State capital,
on completion will mark a major milestone in the Country.

According to a statement from the Nigerian Shippers’ Council, the
guarantor to the concession, on completion, the facility is expected
to contribute to addressing the problem of port congestion and
gridlock in Apapa because it will be designated a port of destination
where cargo will be consolidated for import and export, especially in
the South-Western part of Nigeria.

The statement highlighted the benefits of dry port provision of a
competitive cargo sorting centre, bulk breaking as well as
cargo-tracking and truck management services among others.

It further said that the project estimated at US$94,000,000.00 (N43,
240,000,000.00) will also boost employment in Oyo State and other
cities in the environs, adding that 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 emphasised 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 and the time-line for completion is
twelve months,” the statement stated.

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
ICRC, Engr. Chidi Izuwa and Amb. Jummai Katagum who represented the
Federal Ministry of Finance was also part of the four-day negotiation.

Also present, was Secretary to Government of Oyo State, Mrs. Olubamiwo
Adeosun, while the preferred bidder CRCC was led by Deputy Managing
Director, Jacques Liao.

Executive Secretary/CEO of Shippers’ Council, Hassan Bello, expressed
satisfaction with the proceedings. He disclosed that all parties
expressed firm commitment to the actualisation of the project.


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