PowerChina International Group Limited Consortium (the “BolloréPowerChina Consortium”) has emerged the preferred bidder for the Ibom Deep Seaport Project (IDSP). This selection followed a rigorous evaluation process conducted by the Evaluation Committee convened by the IDSP Ministerial Project Development and Steering Committee (MPDSC) on competing bids received in response to the IDSP Request for Proposal (RFP). China Harbour Engineering Company Ltd. emerged as the reserved bidder.

Minister of Transportation, Rt. Hon. Rotimi Amaechi, has approved the IDSP project to proceed to the next stage of the Public Private Partnership (PPP) procurement process which is negotiation with the preferred bidder with the view to work out the investment and concession details.

Bolloré Africa Logistics, Africa’s leading port operator, is a part of French-based Bolloré Transport & Logistics (Bolloré). Bolloré is a global port operator with 18 container terminal concessions (in Europe, Africa, India, Asia and the Americas), 27 general cargo and bulk terminals, 7 RoRo terminals, 25 multimodal platforms and dry port concessions and one barging concession. Bolloré ranks among the top-20 port operators in the world, according to the 2017 Drewry Global Container Terminal Operator ranking. PowerChina International Group Limited is the international business headquarters and the core business centre of Power Construction Corporation of China which is the world’s top hydropower, electric power, and infrastructure construction group.

“On behalf of the Akwa Ibom State Government (AKSG), I thank the Federal Ministry of Transportation (FMOT), Nigerian Port Authority (NPA) and the Infrastructure Concession Regulatory Commission (ICRC) for giving full and unstinting support to the AKSG throughout the IDSP PPP procurement process, including the recently concluded RFP bids opening and evaluation milestones which saw to the selection of the Preferred and Reserved Bidders,” said Dr. Emmanuel Ekuwem, the Secretary to the State Government (SSG) who spoke on behalf on His Excellency Governor Udom Emmanuel of Akwa Ibom State.

The SSG added “The AKSG is unwavering in its determination and will work in tandem with the FMOT and NPA to realise the IDSP. Upon its completion, the IDSP is poised to bring smart, world class port handling capacity to the doorsteps of Akwa Ibom State and to serve the cargo handling demand of the West and Central African countries, States in the South South as well as South East regions of Nigeria. We are confident that the IDSP will be pivotal to the economic development of the State and the surrounding regions,”

Speaking on the project, the Ag. DG of ICRC, Engr. Chidi Izuwah said: “The IDSP is one of the PPP projects that we are very proud of. The seaport will form part of an integrated industrial city to help foster economic development of the country as transportation is key to national development.

“The seaport is near the South South and South East regions and will drive the economic transformation and empowerment of Nigerians with a multiplier effect that will create massive employment for the country’s teeming population. Its circle of economic influence is expected to extend radically to the North Central, North Eastern and North Western zones”.

He noted also that the next steps for the project will be a due diligence on the preferred proponent and extensive negotiations after which a Full Business Case (FBC) will be submitted by the FMOT to ICRC for the issuance of an FBC compliance certificate. The FBC compliance certificate will be presented for approval of the Federal Executive Council.

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