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Monday, September 16th, 2019

Procurement for Ibom Deep Seaport begins this month

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by January 11, 2018 General

Anna Okon

The procurement process for the Ibom Deep Seaport project is scheduled to commence this month, a statement from the promoters has indicated.

The procurement process, according to the statement, is starting with the advertisement of the Request for Qualification from reputable private sector port developers/operators in partnership with the Akwa Ibom State Government and the Federal Government.

Global Maritime and Port Services Pte Limited of Singapore is the transaction advisor for the procurement while PricewaterhouseCoopers Nigeria is the project manager for the IDSP project, the statement added.

It read in part, “The Federal Government of Nigeria and the Akwa Ibom State Government have reached a critical milestone in the implementation of the IDSP project.”

The statement noted that the IDSP was positioned to offer a value proposition superior to other seaports in the region, adding, “The IDSP offers an ultra-modern deep seaport with modern cargo handling equipment, facilities and systems that can address the capacity challenges constraining other seaports across the region. The greenfield site has substantial land available for future expansion.”

It also stated that the IDSP had proximity to its target markets in the West and Central Africa, neighbouring hinterland countries and major shipping lines calling in the region and stressed its large gateway market size as well as capacity to handle past and new Panamax vessels at its specialised terminals.

“The IDSP is in an enviable position to emerge as the first major transhipment hub for the region. The transhipment container market for the IDSP is estimated to grow from about 1.2 million Twenty-foot Equivalent Units in 2021 to about four million TEUs in 2040.”

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