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Port Concession: 2 Firms Get Additional 5 Years

30 Nov 2012

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Alhaji Habib Abdullahi, MD, NPA

The Nigerian Ports Authority (NPA) has extended the concession period given to two firms in the nation’s seaports. Each of the two firms, which are concessionaires in Tin Can Island Port Complex (TCIP), was given additional five years for their concession period.

They are Ports and Cargo Handling Services Limited extended from 10 to 15 years and Tin Can Island Container Terminal Limited (TICT) extended from 15 to 20 years. Port Manager of Tin Can Island Port Complex, Ephraim Efioita, disclosed this in Lagos during a port facility tour by the Managing Director of NPA, Alhaji Habib Abdullahi.

TCIP was established in February 17, 1977. It was an amalgam of roll on-roll-off (RORO) and Tin Can Island Port. The terminals were concessioned to private operators in May 2006 during the Federal Government’s port reform programme. The port has five terminal operators. TICT won concession bid for terminal B for a period of 15 years, while Port and Cargo terminal Limited got Terminal C for a period of 10 years.

According to Efioita, the extension was given after an agreement was reached with the concessionaires over portions of concession areas that NPA was still occupying, which were supposed to be occupied by the concessionaires in line with the concession agreement.

Tags: Business, Nigeria, Featured, Port, Concession

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