Bid for investors in Ibom Deep Seaport opens

The bidding for the private sector investors in the proposed Ibom Deep Seaport has commenced. According to the Infrastructure Concession and Regulatory Commission (ICRC), a key regulator of the facility, the request for proposal (RFP) bid opening and evaluation for Ibom Deep Seaport (IDSP) has been held already.

Ibom Deep Seaport Public Private Partnership (PPP) project is one of the key initiatives of the Federal Ministry of Transport/Nigerian Ports Authority to rapidly develop port capacity in other parts of Nigeria and alleviate congestion in Lagos. PPP Project Development, Procurement and Implementation were done under the PPP regulatory guidance and oversight of the ICRC.

The project also aligns with the industrialization project being carried out by the Akwa Ibom State Government via the Ibom Industrial City project. The seaport will form part of an integrated industrial city to help foster economic development of the country.

The project is being procured as a PPP based on a master concession award to a Port Development Management Company (PDMC) to be jointly owned by a majority competitively selected PPP Private Sector Partner, NPA/FMoT, and Akwa Ibom State government.

Source: Daily Trust

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