The Ibom Deep Seaport project in Nigeria is expected to reach commercial close by April 2019. The US$2.5 billion project will be developed through a public-private partnerships (PPP) investment scheme.
It involves the construction and operation of a 2,565-hectare greenfield port area located in the south-east of Akwa Ibom State. The port is designed to berth New Panamax Class vessels with channel depth (18.24m); turning basin and berth depth (16.72m); and quay length of about 7.5 km upon completion. It will handle containers, petroleum products (export and import), crude oil and natural gas (export), vehicles (import) and bulk trade in natural resources (import and export).
A consortium of PowerChina Ltd and Bolloré Transport & Logistics was named the preferred bidder for the project in the last quarter of 2018. The consortium will commence construction following the contract signing. Operations are scheduled to commence in 2021.
Country updates
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January 03, 2019
Nigeria's Infrastructure Credit Guarantee Company secures investment from Africa Finance Corporation
Infrastructure Credit Guarantee Company Limited has announced the successful closing of a US$25 million equity investment from Africa Finance Corporation (AFC). In this primary transaction, AFC has b...
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January 03, 2019
Nigerian fire service seeking private partner
The Federal Fire Service (FFS) of Nigeria has issued a Request for Qualifications (RFQ) for the financing, upgrading, rehabilitatation, operation and maintenance of a National Fire Data Repository Cen...
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December 18, 2018
Nigerian Ports Authority approves concession of port terminal
The governing board of the Nigerian Ports Authority (NPA) has approved the concession of Terminal B, Warri Old Port, to Ocean and Cargo Services Limited. The company was selected from seven...
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December 14, 2018
Transnet to take over Nigerian rail concession from GE
GE has disclosed that it is transitioning leadership of the consortium selected to execute the Nigerian narrow-gauge railway concession, to Transnet. In consortium with SinoHydro and APM Terminals, G...
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December 12, 2018
ICRC grants full business case compliance certificate for Defence Jetty rehabilitation project
The Infrastructure Concession Regulatory Commission (ICRC) of the Government of Nigeria has granted a Full Business Case certificate to the Permanent Secretary Ministry of Defence for the proposed&nbs...
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