Onne port expansion, phase 4B
Sector: Oil and Gas • Location: Nigeria
Source: World Bank Group
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
- Status
- Prospective
- Sector
- Oil and Gas, Seaport, Water Supply and Storage, Government, Commercial
- Location
- Nigeria
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
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Sponsoring Agency |
Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
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. |
Original sector | Transport |
Procurement method | |
Budget |
Location
Country | Nigeria |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Oil and Gas, Seaport, Water Supply and Storage, Government, Commercial |
Article published date | 2024-09-19 |
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