The Federal Executive Council (FEC) yesterday approved N58.88 billion for the construction of ship building, dockyard facilities and dredging work, the Minister of Transport, Senator Idris Umar, has said.
Umar, who spoke to State House correspondents at the end of the FEC meeting in Abuja, stressed that the ship building facility and dockyard in Delta State will cost N40.2 billion, adding that the project will boost training of personnel at home as the government is losing about N1billion on foreign training of the personnel.
He said The Netherlands ship builders, which is the second largest ship builders in the world, has been engaged to partner with the NIMASA on the project.
He said that another N18.4 billion will be spent on the civil work and basic infrastructure for the facility
The Federal Government, he said, also approved N274.9 million contract for the dredging of escravos/ Warri/ Aladja Channel, which is to be completed in 10 months.
While disclosing that the Onitsha port will soon be concessioned by the government, he said the port which is 2.5 metres deep was not built to carry ocean going vessels.
“I brought two memos to the council seeking approval for the award of contract for the construction and dredging of Escravos, Warri and Aladja to Koko channels for N274.9 million inclusive of all taxes with completion period of ten months,” he said.
Information from The Nation was used in this report.