FG extends deadline for Warri port terminal concession

The National Council on Privatisation has approved the extension of the closing date for the submission of expressions of interest by prospective investors in the concession of Terminal “B” Warri Old Port.

A statement issued by the Head of Public Communication, Bureau of Public Enterprises, Mr. Chigbo Anichebe, in Abuja on Sunday, said the agency would now accept EOIs till Thursday August 7.

The deadline for the submission of the EOIs was earlier meant to end on Tuesday.

The Federal Government had said that prospective concessionaires must be experienced local or international operators who would be required to manage and operate the terminal for a minimum period of 25 years with the option of renewal.

The prospective concessionaire will also be required to invest in the construction of the stacking area, administrative block, warehouse and clinic, rehabilitation of existing facilities and undertake further developments in the terminal.

Interested firms must also present a verifiable evidence of successful investment and technical competence in maritime operations, with proven ability to operate a port terminal.

Each applicant is also expected to have a minimum of $150m tangible net worth.

The BPE said each applicant must have a minimum of 15 years experience in the efficient operations of a multipurpose port terminal with recorded improvement of cargo turn-around time.

A statement of technical and operational capabilities, indicating manpower and number of years in maritime business operations with both local and international experience in port terminal operations specified and a letter of consent by professionals indicating interest to work must also be submitted.

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