The outgoing Buhari regime has reintroduced on-street park and pay services to be deployed in some parts of the FCT.
It comes eight years after an FCT High Court banned the FCTA Administration from enforcing toll collection from motorists in the Abuja metropolis.
On Friday, Michael Ohiani, the director general of the Infrastructure Concession Regulatory Commission (ICRC) said the Federal Executive Council had granted approval for the revival of the street parking scheme to be handled by multiple operators/concessionaires in different zones of the Abuja metropolis.
“Zone A (Wuse II and Utako) has NAJEC Limited as the concessionaire. The N475 million concession is for a 10-year period, with expected revenue at N11.875 billion.
“Zone B (Maitama and Garki 1) has Messrs. Automaten Technik Bauman Nig. Ltd (ATB) as the concessionaire. It is a N433.3 million concession for a 10-year term and an expected revenue of N15.05 billion,” he said.
The information was contained in a press release by Ifeanyi Nwoko, the spokesman for ICRC.
Mr Ohiani, in the release, announced the concession of three ports by FEC. He said the concession would generate $3.7 billion in revenue for Nigeria.
The renovation of the Burutu Port and the establishment of a Deep Sea Port in Delta state under Public Private Partnership (PPP) was also approved.
He said others included the development of Ondo Port and the Snake Island Terminal in Lagos.
Wstablishing the Burutu port would transform Delta State by boosting commercial and industrial activities, enhancing the state’s competitiveness and creating employment opportunities.
“The project is expected to generate $125 billion in 40 years,” Mr Ohiani said.
The Ondo Multi-Purpose Deep Seaport at Erunna/Ogboti will be executed in two phases.
“The first phase is at the cost of $1.14 billion while the second phase will cost $317 million,” he said.
Mr Ohiani said FEC approved China Railway Eryuan Engineering Group Co., Ltd as the concessionaire.
“The port, which will have an industrial city with a free trade zone status, will boost commercial and industrial activities, enhance the state’s competitiveness, and create employment opportunities,” he said.
He said the total expected revenue is $59.03 billion within a concession period of 50 years.
Mr Ohiani said the Snake Island Terminal was a multipurpose port facility located within the Snake Island Integrated Free Zone (SIIFZ) and operating within the limits of Apapa and Tin Can Ports.
He said the project was approved at $974.19 million for a 45-year term, with Messrs Nigerdock and SIIFZ as the concessionaire.
Mr Ohiani said the approval would expand port infrastructure, improve revenue to the government through surging cargo volumes and reduce the burden on roads.
“It will also provide quality job opportunities for Nigerians and reduce cargo diversion to neighbouring countries. Total revenue to the government is 5.23 billion dollars.”
FEC also approved he rehabilitation of Police Quarters in Ikeja, Lagos.
For the Comprehensive Redevelopment of the Police Quarters, Ikeja, Lagos, he said the project seeks to replace the existing dilapidated physical structures at the current site.
“FEC’s approval for this project was for a cost of N7.4 billion, a lease of 50 years, and an expected revenue of N16.7 billion,” he said.
The ICRC boss said FEC also approved the concession of the Nnamdi Azikiwe International Cargo Airport, Abuja, the Mallam Aminu Kano International Airport, Kano, and the Expatriate Employment Levy.
The Expatriate Employment Levy (EEL) project seeks to boost the revenue generation of the country through the imposition of levies on companies that employ expatriates.
He said the project was approved at $95 million with Messrs AirWave Ltd as a concessionaire and estimated revenue of $13.4 billion.
Mr Ohiani said the Nnamdi Azikiwe International Cargo Airport Abuja (NAIA) concession would be executed at $86 million, operated for a 20-year concession.
He said the project would be executed by Corporacion America Mota Engil Consortium, at $86.427 million, with total expected revenue at $1.76 billion.
Mr Ohiani said the concession for Kano International Airport was approved for $17.48 million to be executed by Corporacion America Mota Engil Consortium for a 30-year term and projected revenue of $596 million.
Mr Ohiani said the approvals were given following the issuance of Full Business Case (FBC) Certificates of compliance by ICRC.
According to him, the approvals demonstrate the federal government’s commitment to infrastructure development in Nigeria.
The director-general said the eight approved concessions were the highest approval given by FEC in a single sitting.
Mr Ohiani said the latest approvals brought the total number of concession projects that have gotten the consent of the FEC in 2023 to 30.
(NAN)
