The Infrastructure Concession Regulatory Commission (ICRC) has said that the Onitsha River Port concession, which is under a Rehabilitate-Operate and Transfer (ROT) arrangement, targets to generate over N50 billion revenue.

The 30-year concession, which has received the approval of the Federal Executive Council (FEC) will serve as an alternative source of transporting goods to the South East from Lagos, Port Harcourt and other areas with adequate water connectivity.

The Ag. Head, Media and Publicity, Manji Yarling said the FEC’s approval followed a detailed process under the regulatory guidance of the Infrastructure Concession Regulatory Commission (ICRC) which commenced in 2011 with support from the World Bank.

The Onitsha River Port which was officially opened over three decades ago has not been optimally utilised, having been neglected for years, and it is one of the four River Ports in the country with others situated in Lokoja, Kogi State; Baro in Niger State and Oguta in Imo State.

Yarling pointed out that “This concession is part of the bigger Federal Government’s plan to concession the remaining river ports and enhance inland waterways transportation in the country.

“The 30-year concession is expected to generate over N50 billion to the Federal Government and create thousands of direct and indirect jobs, while facilitating more efficient trade within the country through cheaper, easier and cleaner method of transporting goods and services

The Port is equipped to deal with general cargo such as containers, bulk cargo and other packaged freight, and has a land area of over 12 Hectares.

“The wharf is 324 meters long with a further provision for additional expansion of 234 meters, and the Port also has facilities such as storage workshops and parking areas to cater for operations.”

https://tribuneonlineng.com/onitsha-river-port-concession-to-generate-over-n50bn-revenue-%E2%80%95-icrc/
Lalasticlala

Weldone Anambra. May you continue to prosper.

Sane Nigerians make una wise up

Same idiots that packaged a dead wood are regrouping to apply the same bursted Taqiya

Say No to buhari 2.0

Nice one.

This is a welcome development.

LegendHero:
Nice one.

This is a welcome development.

Wow..

Nice one ..

we yoruba are happy for you guyz. at least it will reduce inflow of IBO to the west

Please who is the concessionaire?

Because I’m suspecting this concession being undertaken by Buhari administration.

Before they will concession it to one aboki who will still hold the port down for the next 30 years or charge Igbo business men exorbitant fees to use the port.

I don’t trust this Buhari.

Beautiful

I thought that Omenkalives said that the entire SE is landlocked and ravaged by erosion?

They've started calculation. So as to know how to divert the funds.

[color=#000099][/color] wow good luck with your new info

Good one.
We hope it materializes.

Funny how it is happening in the administration of who they call the "lifeless one" and not those of the beloved Jonathan, OBJ and Yar'adua.

Remember.

H

G

Myexdisturbs:

Idiot what's your hatred with Enugu ,later u go the talk stupid Biafra . Ndị ara

or he might just stating his observation , what's with the insult

Great move

Truthisunique3:
Sane Nigerians make una wise up

Same idiots that packaged a dead wood are regrouping to apply the same bursted Taqiya

Say No to buhari 2.0

At least even if you won’t commend the government, you should be happy with this. Better late than never

Penguin2:
Please who is the concessionaire?

Because I’m suspecting this concession being undertaken by Buhari administration.

Before they will concession it to one aboki who will still hold the port down for the next 30 years or charge Igbo business men exorbitant fees to use the port.

I don’t trust this Buhari.

Stop being a tribalist. Who ever they concession it to doesn't matter just you guys should hope this run efficiently

Truthisunique3:
Sane Nigerians make una wise up

Same idiots that packaged a dead wood are regrouping to apply the same bursted Taqiya

Say No to buhari 2.0

The reason why you are treated like lepers. Even if bubu has donated his two balls for you guys, there is nothing from your side.
Just continue your slavery with Atiku, an Anglican, the son of Ọgwụachukwu!

Emergingnation0:
Nice one..

I noticed that since commencement of Anambra international airport, air traffic has reduced drastically in Enugu airport ..

not true

That's great. I trust Soludo solution. Nigerians are expecting you to show them how Igbos could turn Nigeria economy to Dubai in less than four years if given the opportunity.

A

#50B for its life time or within 1 year of it's operation?

Anambra Amaka poeple over to you

Dh