Modular floating dock: NIMASA takes over Continental Shipyard
Business
THE Nigerian Maritime Administration and Safety Agency, NIMASA, has taken over areas leased to it by the Nigerian Ports Authority, NPA, at the Continental Shipyard for the operations of the Modular Floating Dock.
The areas include but not limited to the dolphin jetty, waterfront of the jetty adjourning the slipway, an administrative block, a construction, welding and mechanical workshop and a civil maintenance workshop, among others.
During the handover ceremony, Bashir Jamoh, director general of NIMASA, said that handover of the Continental Shipyard to NIMASA marks the final lap in the quest of the Agency to deploy the modular floating Dockyard.
Kabiru Diso, director general, who was represented by the head, Public, Private Partnership, PPP, Unit, assured stakeholders that the Modular Floating Dockyard would soon be deployed since all grey areas between NIMASA and the NPA have been cleared.
“The Modular Floating Dockyard is a national asset and now that all grey areas between the NPA and NIMASA have been addressed, we are very close to the deployment of the Modular Floating Dock.
Our goal is to domicile dry-docking of vessels in the country thus saving the nation foreign exchange currently expended on dry-docking vessels outside the shores of Nigeria. The floating Dock will also provide both direct and indirect employment to Nigerians with a multiplier effect on capacity development.” He said.
The Infrastructure Concession and Regulatory Commission, ICRC, had issued a certificate of compliance for an Outline Business Case (OBC) for the operation of the floating dock, while also describing it as bankable and sustainable.
The modular floating dock, which has the capacity to handle up to 10,000 metric tons vessels, would be run on a public private partnership arrangement.
A.
– Aug. 03, 2023 @ 06:15 GMT |
Related Posts
Access Bank appoints Uche Orji as Non-Executive Director
ACCESS Holdings Plc has announced the appointment of Mr Uche Orji, as an Independent Non-Executive Director of its subsidiary, Access...
Read MoreTether hits $13bn profits for 2024 and All-Time Highs in U.S. Treasury Holdings
TETHER Holdings Limited has released its assurance opinion for the fourth quarter of 2024, conducted by BDO, a leading global...
Read MoreNAICOM issues additional guidelines for annuity business
THE National Insurance Commission (NAICOM) has issued additional regulatory requirements for life insurance companies carrying on annuity business in the...
Read MoreMost Read
Subscribe to Our Newsletter
Keep abreast of news and other developments from our website.