Kano based Dala Island Dry Port has presented its reviewed full business report to Nigerian Shippers’ Council (NSC), as the IDP takes a closer step towards taking off.
The management team of the Inland Dry Port, led by the Managing partner/CEO of the Public Private Partnership Advisories, Hon.Mohammed Kumalia, delivered the document at Shippers’ Council office in Abuja.
It is believed that this important milestone comes after the bankability, viability and sustainability of the Inland Dry Port had been ascertained.
Speaking at the event, Executive Secretary/Chief Executive Officer, Nigerian Shippers’ Council, Mr. Hassan Bello, said the project aims to decongest the ports and highlight the achievability of the Africa Free Continental Trade Agreement (AfCFTA).
The locations of the dry port would boost trade and reduce barriers to international trade. He added that the dry port would be a complement to the Kano-Katsina –Jibiya-Maradi rail line and the Lagos-Kano Standard Gauge Railway, which will be integrated into the project.
Nigerian Shippers’ Council, has consistently provided support to the concessionaires within the confines of the implementation guidelines and extant regulations.
The dry port project is expected to create value for money by reducing transport cost and saving time in the movement of cargo to the hinterland, while increasing accessibility to Nigeria’s landlocked neighbours in the North.
Dala Dry Port project, which was concessioned in 2006 along with six other Inland Dry Ports, has suffered setbacks such as the lack of accessibility to long-term funding, lack of support from previous governments and regulatory gaps that existed when the concession exercise was initiated.
However, in 2018, the Inland Dry Port project received a boost when it found new investors.
Skeletal services are expected to commence by June 2021.
The Reviewed Business Report is to be submitted to the Infrastructure Concession Regulatory Commission (ICRC) through the Minister of Transportation for the issuance of a full business case compliance certificate.
