Stage 5: Government Approval / Procurement Stage
Government Approvals Obtained
ICRC granted Outline Business Case Compliance Certificate. This was followed by Federal Executive Council approval
Revenue Source
User Based
Revenue Source Description
TBA
Private Sector Opportunities
Equity, Debt - Private Sector, Construction, Operations, Advisors, Debt - Concession, Debt – Green Finance Initiative
Estimated Time To Start Of Procurement
Q1 2018
Estimated Time To Award Of Contract
Q4 2018
Economically Regulated Asset
Yes
Explanation of regulatory regime
Nigerian Ports Authority
Length Of Contract (Years)
41-50 Years
Length Of Contract Additional Information
This includes the construction period
Estimated Project Value (Local Currency)
2,300 M USD
Estimated Return on Equity (%)