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ICRC Presents Certificate For Obollor-Afor Transit Park To Shippers Council



Leadership Nigeria News Today

The Infrastructure Concession Regulatory Commission (ICRC) has presented Outline Business Case Compliance Certificate for the Concession of Truck Transit Park (TTP) in Obollor-Afor, Enugu State. Speaking after receiving the certificate, the executive secretary, Nigeria Shippers Council, Hassan Bello said, “With the receiving of the certificate from ICRC for the Obollor Afor Truck Transit Park, it is now the procurement process. This means transparent advertisement for the expression of interest for investors to come and bid both internally and externally. This is the threshold of important process and we expect this to be completed within a period of two months for the processes to be assessed and the winner to be announced and construction will start.”

While elaborating on the N1,200,000,000 estimated for this project, the executive secretary said the council is not investing any funds as it is a regulatory agency.
According to him, “This project is a Public Private Partnership but the government is an enabler. It will provide the conducive atmosphere and the incentives for persons to come and invest.”
On the proposal for 50 years concession period, he said, “I don’t think we have settled but the concession period will have to be reasonable. These are the kinds of things that will make investors more comfortable so that they would have time to recover their investment and make profit.”

He further said, “After the Obollor Afor, the next place is Lokoja. Lokoja will come in two weeks’ time. We have submitted the OBT to the ICRC and they have abridged the process now so, it will not take time. After that, we look at others because there are many states like Edo, Sokoto, Kebbi states who have all shown interest. “
On the concern for regulation, the ES said, “The regulation starts right from the beginning and not even after the parks have been established. You see, there are so many ways to regulate issues.” “The whole process of bidding will take two months, after which, we will go to the Federal Executive Council for approval and then, construction will start. The construction will be for 12 months so that we will have a modern Truck Transit Park,” he added.