Economy
The Infrastructure Concession Regulatory Commission (ICRC) says it will begin contract signing and implementation for the National Public Security Communications (NPSC) project and the Ibom Deep Seaport project.
The commission, in a statement in Abuja on Thursday, said this followed the Federal Executive Council’s (FEC) approval of Full Business Case (FBC) Compliance Certificates for the two projects.
The NPSC project is a Public Private Partnership (PPP) project between the Ministry of Police Affairs and MPS Technologies Limited, a special purpose vehicle incorporated by Mobitel limited to manage the NPSC Concession.
Premised on a build, operate and transfer arrangement, it will combine the network’s 450MHz spectrum with MPS’s 2300Mhz (2.3GHz) spectrum among other assets.
The commission said: “The objective of the project is to rehabilitate, upgrade and operate the system in order to more efficiently provide specialised security and surveillance services to the Nigerian Police Force on a sustainable commercial basis and generate revenue.
“The Ibom Deep Seaport on the other hand is a greenfield port development integrated within the Ibom Industrial City (IIC) Free Zone development.”
Located in the South East of Akwa Ibom, it was concessioned by Bolloré-PCI Consortium, the statement said.
The News Agency of Nigeria (NAN) reports that the Ibom Deep Sea Port aims to become the Eastern Gateway of Nigeria, providing vital port capacity for the country.
It is projected to provide the much needed container handling and storage capacity, import capacity for petroleum products, provide import capacity for vehicles and provide dedicated import capacity for food and agricultural products.
It would also provide dedicated export capacity for industrial output and natural resources and be a logistics base and regional trading hub in West Africa. (NAN)
– Dec. 17, 2020 @ 15:29 GMT |
Tags: Commission begins contract signing implementation of 2 projects
