The Federal Government of Nigeria has approved N20.47bn for various projects in the aviation and transportation sectors. At a press briefing following a Federal Executive Council meeting, the Minister of Aviation, Hadi Sirika, disclosed that the funds would be used for facility upgrades in the Apapa and Lekki deep sea ports, as well as the procurement of five firefighting trucks…..CONTINUE READING...CONTINUE READING
The Council also approved the variation and additional costs of contract for procurement of security and safety operations equipment at Maiduguri International Airport. The project initially cost N20bn but an additional N2.64bn was required due to the depreciation of the naira which affected the foreign component of the contract.
The Ministry of Transportation also presented two memoranda for various Public-Private Partnership (PPP) projects. The first project aims to provide potable water to the Lagos port complex in Apapa and the Tincan Island ports through the refurbishment, operation, maintenance, and transportation of water systems by Messrs TECHNIS Engineering.
The project will be executed on a refurbish, operate and transfer model with a benchmark amount of N5.04bn inclusive of a concession period of 16 years and a one-year refurbishment period as moratorium.
The second PPP project will refurbish, operate, maintain, and transport the water system at the Lagos port complex, executed by Mr. Sanders Energy and Engineering Services Limited on the refurbish operate and transfer model with an estimated project sum of N4.7bn inclusive of a concession period of 16 years and a one-year refurbishment moratorium period.
In addition, the Council approved the establishment and renewal of the MARPOL port reception facilities for the disposal of ship-generated waste and cargo residues at the Lekki deep seaport, the Dangote refinery, and the Dangote Jetties, including the five pilotage districts of Lagos, Port Harcourt, Onne, Calabar, and Warri.
The project will be implemented by MSSRS African Cycle Pollution Management Limited for a period of 15 years on a revenue-sharing ratio of 50/50 between the Nigerian Ports Authority and the company. The concession period has also been reduced from 20 years to 15 years.
The projects are crucial given the international convention for the prevention of pollution from ships, which aims to prevent pollution of the marine environment by the discharge of harmful substances or wastes containing such substances into the sea from ships…..CONTINUE READING
