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FG says Bonny Deep Seaport construction to begin soon, decides on project site

Chike Olisah by Chike Olisah
September 4, 2021
in Business News
FG says Bonny Deep Seaport construction to begin soon, decides on project site
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The Federal Government has announced that construction work is expected to begin very soon on the Bonny Deep Seaport in Rivers State as they move to decide on the site of the project.

The port which is one of the several deep seaports that had been approved by the federal government and constructed by China Civil Engineering Construction Corporation Ltd (CCECC), will be under a Public-Private Partnership (PPP) and would be at no cost to the government.

According to a statement by the Director of Press and Public Relations, Federal Ministry of Transportation, Mr Eric Ojiekwe, this was disclosed by the Minister of Transportation, Rotimi Amaechi, when he visited the proposed site for the project.

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Amaechi pointed out that in choosing the site, considerations must be made towards cost reduction and ease in paying compensations.

What the Minister of Transportation is saying

According to the News Agency of Nigeria, the Minister said that while the South-East part of the Island was also viable, the most feasible might be the area to the West in Finima, as it would require less dredging.

He said, “The experts have said it will take only 500 metres of dredging at this point to get to 17metres draught which is our target for the depth of the seaport. The moment you reclaim 500metres into the ocean, you get to 17metres draught. You don’t need further dredging. While on the other end, you need 1.16kms dredging to get to the water.

”It will be more expensive to dredge 1.16km than to build rail line to this place. We can do the cost analysis and come to a decision.’’

Amaechi also said the selection of the area, when finally decided upon would ensure that NNPC pipes would not be tampered with or moved for the rail lines extending to the Seaport to be laid.

The minister said, “It will also be easier to pay compensations here and take the rail through this area instead of running it through the other end where there are pipes.

”And, compensation will be paid on properties, not on land. If the land is not enough, the Federal Government would acquire more for the expansion.’’

Speaking at the occasion, the acting Managing Director, Nigerian Ports Authority (NPA), Mr Mohammed Koko, said the essence of the event was to reconfirm the right location for the port, adding that final studies would be made and conclusions reached.

He said, ”The other location had pipes, so we believe that this one will be perfect. It has a natural draft of about 17 meters. The port which will have a capacity of about 500,000 TEUs on completion is a necessary infrastructure for Nigeria.

”Nigeria has over 823 km of coastline and we have always been saying that the idea of building deep seaports will bring more economic value to the country. And, Nigeria will eventually become a maritime hub in Africa or the West African sub-region.’’

Koko also said that construction would kick off within the year and run concurrently with the construction of the Port Harcourt-Maiduguri rail line which also extends to the Bonny Deep Seaport.

What you should know

It can be recalled that in October 2020, the Federal Executive Council (FEC) approved the construction of a deep seaport at Bonny at the cost of $461,924,369.

In March 2021, the federal government held its ground-breaking ceremony of the Eastern Narrow Gauge, Bonny Deep Seaport and Railway Industrial Park all in Port Harcourt, Rivers State.

The Bonny Deep Seaport project shall entail the construction of a deep seaport with a capacity of 100,000DMT container vessel and 50,000DWT bulk vessel on a total land take of 275.22 hectares in Bonny Island, Bonny Local Government Area, Rivers State.

Tags: Bonny deep seaportChina Civil Engineering Construction Corporation Ltd (CCECC)
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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Comments 1

  1. Michael mgbogu says:
    June 1, 2022 at 7:14 pm

    Nice

    Reply

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