Emmanuel Nicholas | The proposed Ibom Deep Sea Port Project is to cost about $1.7 Billion and the burden of funding the project does not rest squarely on the state Government as the project would be funded via a tripartite arrangement.
The Sea Port Is to be funded by the state and federal Governments as well as by a private investor using a 20-20-60 sharing module. The State and Federal Governments would each contribute 20% of the funding while the private investor would bring in about 60% of the funding.
Recently the Chairperson of Ibom Industrial City implementation Committee Mrs Mfon Usoro said Ibom Industrial City is 50% completed and in less than six months the proper construction will commence.
Mrs Mfon, who is the former DG of NIMASA made the assertion during a Visionary workshop on Ibom Industrial City at Le Meridien Ibom Hotel, Uruan. She further explained that the greater work on the project is the Paper work, which she said has reached an advanced stage.
The Configuration for Ibom industrial city are , offshore oil and gas development; and offshore technical services capabilities based on the current Local Content Policy of the Federal Government and also involving offshore joint ventures with Companies in Aberdeen, Scotland ; and Rio De Janeiro, Brazil and South Korea will embrace: this involves the Construction of supply boats for offshore oil operations, fabrication of offshore lifting cranes, maintenance and repairs, production of wet Christmas tree, Supply of subsea manifolds, construction of oil platform jackets for oil production systems.
Dry docking for oil installations offshore, FPSO fabrication and Ibom Liquefied Natural Gas Plant, would process for export the voluminous associated gas from the extensive offshore gas production in the eastern Niger Delta. It is conceived as a viable gas export activity at this deep seaport.
These are key components of the industrial city
• Petrochemical Industries (eg, fertilizer plant)
• Refineries and Tank- farms for downstream
• Five Star Hotels and manufacturing companies
• Dockyard and watercraft Repair Facilities
• Cargo Handling and Associated activities and skyscrapers offices
-Housing Estate and warehouses
The Ibom Deep Sea Port is designed to be one of the components of proposed Ibom Industrial City and at completion can employ 200,000 workers .
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