Delta, Chinese Company Sign MoU on Infrastructural Development

  • Company Earmarks US$30 million for Delta State

Omon-Julius Onabu in Warri

Delta State Governor, Dr Ifeanyi Okowa, has expressed willingness of his administration to partner with credible investors and firms with technical expertise and proven record of performance to boost infrastructural development in the state.

He stated this on Monday in Asaba during the signing of a Memorandum of Understanding (MoU) between the state government and the North China Construction Company Limited (NCCC) on infrastructural development of Delta State.

The governor noted that his government is commitment to laying a solid foundation for infrastructural development and industrialization of Delta State, saying he was excited about the MoU with NCCC as his administration was prepared to do business with credible investors with technical capability and financial muscle.

“We welcome investors that show interest in the state and are ready to partner with us in infrastructural development; we are ready to do business with companies with requisite technical expertise as well as financial capability and track-record of performance”, Okowa said, adding, “It our hope that this partnership yield fruits in due course. I hope the partnership struck today will benefit Delta State in line with the infrastructural and human capital development policies of this administration; and benefit your company also.”

Secretary to the Delta State Government (SSG), Mr Festus Agas, and the Commissioner For Finance, Olorogun David Edevbie, signed the MoU on behalf of the state government while Mr Wu Guo Qi signed on behalf of the North China Construction Company (NCCC), at a brief ceremony witnessed by Dr Okowa and some members of the stats executive council.

In the light of the current economic downturn, the importance of private partnership towards the actualization of development policies could not be over-emphasized, Okowa noted. “The state government cannot do it alone, so we welcome partnership that will yield good results and that is beneficial to the people within the stipulated period of the contract.”