Warri New, Terminal B Concession

Active

Prospective

In September 2005 the government of Nigeria, through its Bureau of Public Enterprises (BPE), awarded a 25 year rehabilitate, lease and transfer concession for terminal B of the new section of the Warri port to private operator Intels Nigeria Ltd. The concessionaire pledged to pay leasing fees to the government amounting to some $6.60 million in net present value. Additionally, the concessionaire was expected to make all investments on the terminal’s berths (except for the quay wall, which remained the government’s responsibility), stacking yard, equipment, as well as improved security and fencing systems. The net present value of investments in infrastructure were estimated at $7.05 million. The project was part of a wider plan started in 2004 - 2005 to attract private participation in the Nigerian port sector. The contract was awarded in September 2005 after direct negotiations between Intels Nigeria Ltd and the government. No further information was publicly available on the ownership structure of the concessionaire, investments in facilities, or the terminal's capacity.

Transport

Nigeria

High

World Bank Group

Project

Government, Seaport, Water Supply and Storage