Nigeria to begin procurement for the Ibom deep seaport

Ibaka deep seaport
Planned Ibaka deep seaport

The Federal Government (FG) has commenced procurement procedure for the Ibom deep seaport project in Akwa Ibom state, Nigeria. This was hinted by the Minister of Transport, Senator Idris Audu Umar in Abuja as while handing over the Outline Business Case (OBC) to Messrs Felak Concept Limited and the Maritime Transport Business Solutions (Felak/MTBS), to the project transaction advisor in Abuja.

The Ibaka deep seaport was expected to be delivered by the end of 2015 but the minister said the procurement would not be started earlier given “enormity of requirements involved”, adding that the time spent on producing the project was justifiable.

“After that the necessary evaluation will be carried out with the transaction advisers. We have to work assiduously with the OBC document to ensure that the procurement processes commence as soon as possible,” he said.

The presentation of the OBC document is key to the accomplishment of the Ibaka deep seaport project as it shows the commitment by the two governments, according to the minister. He said the Nigerian Ports Authority (NPA) and the advisers had worked together to achieve what was achieved today. The report will also be evaluated by Infrastructure Concession Regulatory Commission (ICRC).

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