The federal government can now commence the full procurement process of the Ibom Deep Water Port (IDWP) through Public-Private Partnership (PPP) as the facility's full business case has been approved by the Infrastructure Concession Regulatory Commission (ICRC).
Engr. Chidi Izuwah, the Director-General of the ICRC gave the indication during the presentation of the full business case compliance certificate for the project to the Minister of Transportation, Mr. Rotimi Amaechi, in Abuja.
The IDWP project involves the development of a Greenfield Deepsea Port and accompanying Free Trade Zone (FTZ) in Akwa Ibom State in the South-South geopolitical zone of Nigeria. The proposed Port and FTZ are part of the planned Ibom Industrial City initiative that will be established on a 14,400-hectare site donated by the Akwa Ibom State Government (AKSG) free of charge…
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