Country updates
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January 23, 2018
The Infrastructure Concession Regulatory Commission (ICRC) said that it will deploy everything within its ability to ensure the concession dispute between the Federal Airports Authority of Nigeria (FAAN) and Bi-Courtney Aviation Services is resolved
The Infrastructure Concession Regulatory Commission (ICRC) said that it will deploy everything within its ability to ensure the concession dispute between the Federal Airports Authority of Nigeria (FAAN) and Bi-Courtney Aviation Services is resolved. Chidi Izuwah, Acting Director General of the ICRC, said he was aware of the challenges between the both parties adding that “We want to listen to both parties as an independent regulator, we want to physically access the situation and challenges on ground in order to better appreciate the positions by FAAN and Bi-Courtney and thereafter suggest possible line of action in resolving these issues”
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January 23, 2018
The Infrastructure Concession Regulatory Commission (ICRC ) said that it will deploy everything within its ability to ensure the concession dispute between the Federal Airports Authority of Nigeria ( FAAN ) and Bi-Courtney Aviation Services is resolved
The Infrastructure Concession Regulatory Commission (ICRC ) said that it will deploy everything within its ability to ensure the concession dispute between the Federal Airports Authority of Nigeria ( FAAN ) and Bi-Courtney Aviation Services is resolved. Chidi Izuwah, acting Director General ICRC said he was aware of the challenges between the both parties adding that “We want to listen to both parties as an independent regulator, we want to physically access the situation and challenges on ground in order to Bette appreciate the positions by FAAN and Bi-Courtney and thereafter suggest possible line of action in resolving these issues
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January 17, 2018
The Federal Government has terminated the concession agreement for the project due to over NGN25 billion (~US$75 million) outstanding debt
The Federal Government has terminated the concession agreement for the project due to over NGN25 billion (~US$75 million) outstanding debt. Phase3 has contested this allegation, stating that it has kept to the terms of the concession agreement and has not engaged in any diversion or misappropriation of funds owed to TNC
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January 14, 2018
FAAN has insisted that BASL lied about the GAT and that the terminal does not breach the concession contract
FAAN has insisted that BASL lied about the GAT and that the terminal does not breach the concession contract. Bi-Courtney is claiming that FAAN owes it over NGN200 billion for revenues earned from operations of GAT over the past 10 years while FAAN claims that Bi-Courtney owes it NGN2 billion for services rendered to it as entrenched in the concession agreement
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January 09, 2018
RFQ launched for unprecedented Nigerian port PPP
The Federal Government of Nigeria (represented by the Ministry of Transportation/Nigerian Ports Authority) and the Akwa Ibom state government have issued a Request for Qualifications (RFQ) f...
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