$94m Ibadan dry port negotiation, nearing completion- NSC

According to the Nigerian Shippers’ Council (NSC), the negotiation meeting between the Federal Government and CRCC, the preferred bidders for the construction of the Ibadan Inland Dry Port is nearing completion. The cost of the project, which has been estimated at US$94million (N43,240,000,000.00), is expected to boost employment in Oyo State and other cities in its environs.

A statement by the Head, Public Relations Unit of NSC, Rakiya Zubairu, said the Council is the guarantor to the concession, an 80,000 TEU capacity dry port to be built on the basis of Public Private Partnership agreement in Ibadan, the Oyo State capital.

She stated that 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 cargo will be consolidated for import and export, especially in the South-Western part of Nigeria. Among other uses, she added that the dry port will provide a competitive cargo sorting center, bulk breaking as well as cargo-tracking and truck management services.

“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 also emphasized the utilization 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 statement said.

Present at the 4-day negotiation 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 of the Shippers’ Council, Hassan Bello, expressed satisfaction with the proceedings as he disclosed that all parties involved have expressed firm commitment to the actualization of the project.

Source: Ship and Ports

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