Shippers Council receives business report on Kano IDP …Assures project would decongest seaports
The Nigerian Shippers’ Council NSC has received the reviewed full business report on the Dala Inland Dry Port IDP located in Kano State.
The report was presented in Abuja, Wednesday jointly to the Council and the management team of the IDP by the Managing Partner/CEO of the Public Private Partnership Advisories, Mohammed Kumalia, at the Shippers’ Council office in Abuja.
The report, which is believed to be an important milestone, comes after the bankability, viability and sustainability of the project had been ascertained by the relevant parties.
Speaking at the event, which took place at the Shippers Council’s office in Abuja, Executive Secretary/CEO of the council, Hassan Bello, said the project aims to decongest the ports and also underscores the achievability of the aims of the Africa Free Continental Trade Agreement AfCTA for Nigeria.
According to him, in addition to helping to decongest the existing conventional seaports, the location of the dry port would boost trade by reducing barriers to international trade and commerce.
“The dry port would in terms of boosting trade, further complement the role of the Kano-Katsina –Jibiya-Maradi rail lines and the Lagos-Kano Standard Gauge Railway, which will be integrated into the project”, he also said.
Recall that the council had consistently provided support to the IDP concessionaires within the confines of the implementation guidelines and extant regulations.
The dry port projects spread across different locations in the country, are expected to create value for money by reducing transport cost and saving time in the movement of cargo to the hinterland, while increasing accessibility to Nigeria’s landlocked neighbours in the north.
The Dala Dry Port project which was concessioned in 2006 along with six other IDPs, has suffered several setbacks such as the lack of accessibility to long-term funding, lack of support from previous governments and regulatory gaps that existed when the concession exercise was initiated.
However, in 2018, the Inland Dry Port project received a boost when it found new investors. Skeletal services are expected to commence by June 2021.
The Reviewed Business Report is to be submitted to the Infrastructure Concession Regulatory Commission ICRC through the Minister of Transport for the issuance of a full business case compliance certificate.