Bureau for Public Enterprises (BPE) signs agreement to hand over the Terminal B of the Old Warri Port to Ocean and Cargo Terminal Services Limited

NIGERIA/Warri Port- "It met all required qualifications which include the prequalified Insurance of Request (RFP) and the Information Memorandum. 

”NCP at its meeting held on 12 June 2018, approved the technical bid and

the financial bid of $100,782,147.53 submitted by Ocean and Cargo Terminals Services Limited which emerged as the preferred bidder for Terminal B Warri Old Port.

"Upon completion of the rehabilitation and reconstruction works, there was a need to concession the Terminal to a private operator who would be responsible for the operation of the Terminal and carrying out further development of its facilities in line with the Ports Concession Programme. 

"The objective of Federal Government in port concession is to increase efficiency in our ports, improve service delivery, modernise port development, reduce the cost of shipping and clearing of goods at the port and relieve government of financing the sector.

"Government expects nothing less than strict adherence to terms of the concession agreement from the concessionaire."  

 ■ Words of the Bureau for Public Enterprises (BPE), saying it has signed an agreement to hand over the Terminal B of the Old Warri Port to Ocean and Cargo Terminal Services Limited, following an approval by the National Council on Privatisation (NCP).