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Onne port expansion, phase 4B

Sector: Water Supply and Storage • Location: Nigeria

Source: World Bank Group

Project
Active

Phase 4B of the expansion of Onne port in the state of Rivers included the construction of port facilities at Onne Oil and Gas Free Zone. The project was to be pre-financed by the developer. Under the 25-year concession agreement that was signed with Deep Offshore Services Nigeria Ltd., the company was to invest US$2.9 billion to build port facilities within six years. Costs were to be recovered

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Project Information

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The project “Onne port expansion, phase 4B” is an infrastructure initiative in the Water Supply and Storage sector, located in Nigeria. Taiyo aggregates data on it from World Bank Group.

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Participants

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Description

Description

Phase 4B of the expansion of Onne port in the state of Rivers included the construction of port facilities at Onne Oil and Gas Free Zone. The project was to be pre-financed by the developer. Under the 25-year concession agreement that was signed with Deep Offshore Services Nigeria Ltd., the company was to invest US$2.9 billion to build port facilities within six years. Costs were to be recovered from boat services and other port charges. There was no special information publicly available as to how the contract was awarded. There wasn't any other information publicly available.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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