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Home BUSINESS Shippers’ Council stands surety for concessnairs of Ibadan dry port project

Shippers’ Council stands surety for concessnairs of Ibadan dry port project

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Nigeria Shippers’ Council has indicated interest to stand as surety for the actualisation of the Ibadan Inland Dry Port in Oyo State.

A negotiation meeting has been put in place between the Federal Government and CRCC, the preferred bidders for the construction of Ibadan Inland Dry Port to address the problem of port congestion and gridlock in Apapa .

The negotiations meeting, which is near completion, involves the Nigerian Shippers’ Council as the guarantor to the concession.

The dry port capacity is said to be eighty thousand (80,000) TEU and its to be built on the basis of Public Private Partnership agreement in Ibadan, the Oyo State capital.

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In a statement by the Nigerian Shippers’ Council, Head of Public Relations, Rakiya Zubairu, said that on completion, the facility would address the problem of port congestion and gridlock in Apapa as it would be designated a port of destination where cargo would be consolidated for import and export, especially in the South-Western part of Nigeria.

Among other uses, the dry port will provide a competitive cargo sorting centre, bulk breaking as well as cargo-tracking and truck management services.

This project, which has been estimated at US$94,000,000.00 (N43,240,000,000.00), will boost employment in Oyo State and environs.

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