The Nigerian Shippers’ Council (NSC) is in talks with the preferred bidder China Railway Construction Corporation Limited (CRCC) for the Ibadan Inland container depot project.
The authority is planning to complete the contract signature in the coming month. The port will have a capacity of 80,000 TEU and will help ease the congestion and gridlocks in Apapa ports. The project is set to be implemented on Design, Build, Finance, Operate, Maintain, and Transfer (DBFOMT) model under a Public-Private Partnership (PPP) arrangement.
The US$ 111 million project is set to begin construction after the contract signature. The dry port will provide a competitive cargo sorting center, bulk breaking as well as cargo-tracking and truck management services.
Country updates
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June 24, 2020
Nigeria Institute of Infrastructure and Public-Private Partnership commences operation
Infrastructure Concession Regulatory Commission (ICRC) in Nigeria has announced the commencement of operations of the Nigeria Institute of Infrastructure and Public-Private Partnership (NII3P). A...
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June 02, 2020
FC timeline announced for bridge PPP in Nigeria
The Lagos state government in Nigeria has announced its intentions to conclude financial close for the Fourth Mainland Bridge Public-Private Partnership (PPP) project in the first quarter of 2021...
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May 20, 2020
Lagos approves Unified Fibre Infrastructure and Connectivity project
The state government of Lagos has approved the development of unified fibre duct infrastructure for carrying telecommunications cables and other wired infrastructure in Lagos. The infrastructure will...
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May 05, 2020
ADB approves EUR 12.33 million additional grant for Lagos-Abidjan highway
African Development Bank approved additional funding of EUR 12.33 million (US$ 13.52 million) in favor of the ECOWAS Commission to cover part of the costs related to the study of the Abidjan – L...
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April 08, 2020
Lekki Port recieves US$ 221 million funding from CHEC
Lekki Port LFTZ Enterprise Limited (LPLEL) has received US$ 221,047,248 equity funding from the stakeholder China Harbour Engineering Company (CHEC). The Lekki deep seaport is currently under con...
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