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Ibom deep sea port project

Nigeria
Stage 5: Government Approval / Procurement Stage
Stage 5: Government Approval / Procurement Stage
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SECTOR
Transport  >  Port
TYPE
Greenfield
VALUE
$2.3 Bn USD
PROJECT LOCATION (E.G. MAJOR GEOGRAPHIC REFERENCE)
South-south Akwa Ibom Nigeria
LAST UPDATED
Q2 2018
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Project Description
The Ibom Deep Sea Port (IDSP) 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 proposed Ibom Industrial City initiative that will be established on a 14,400 hectare site donated by the Akwa Ibom State Government (AKSG) at no value. The IDSP project is intended to become a major national and regional economic gateway that will provide additional container handling capacity for the country. In addition to containers, the IDSP is expected to handle petroleum products (export and import), crude oil and natural gas (export), vehicles (import) and bulk trade in natural resources (import and export). It is planned to be the deepest port in the West African sub-region.
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Project stage info
Stage 1: Initial Government Announcement
Completed
Stage 2: Project Investigation
Completed
Stage 3: Start of Project Feasibility / Business Case
Completed
Stage 4: Project Feasibility / Business Case Complete
Completed
Stage 5: Government Approval / Procurement Stage
Completed
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