NPA Board approves old Warri port concession 

NPA Board approves old Warri port concession 

The Board of Directors of the Nigerian Ports Authority (NPA) has approved the concession of Terminal B, Warri Old Port, to Ocean and Cargo Services Limited.

The announcement was made at a meeting chaired by Emmanuel Adesoye, chairman of the Board in Lagos on Wednesday.

According to a statement issued by the NPA, the approval is part of the port reform process initiated by the federal government in 2006, through the Bureau of Public Enterprises (BPE).

In April, Ocean and Cargo Services Limited emerged from seven pre-qualified bidders who responded to a request for proposals (RfPs) issued by the Bureau of Public Enterprises (BPE) on September 27, 2017.

READ ALSO  Nigerian Navy arrested 30 vessels for illegal activities in 2018 — Ibas 

The concessionaire, according to the statement, will “operate the terminal which has been abandoned for the past ten years in a concession agreement for a 25-year term”.

“Within this period, the concessionaire would rehabilitate infrastructure at the terminal and deploy modern technological infrastructure with the aim of making the facility competitive,” the statement read. 

Copyright 2018 Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to www.shipsandports.com.ng as the source.