NPA to construct $1bn multipurpose deep seaport in Ondo

Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello-Koko, has given an assurance that all necessary approvals have been obtained for the implementation of the one-billion-dollar Ondo State Multipurpose Deep Seaport project.

The assurance was given during a visit by BoyeOyewumi, the Ondo State Coordinator for Special Projects, who submitted the Full Business Case for the port.

The port, located on the coast of Ondo State, will be financed through a Public Private Partnership.

Mr Bello-Koko stated that the NPA, in collaboration with the Federal Ministry of Transportation and other relevant agencies, will work towards obtaining the necessary approvals to ensure the commencement of port operations.

“The NPA has consistently restated its readiness to provide requisite technical guidance for the establishment of new ports in line with global best practices,’’ he said.

“In keeping with NPA’s commitment to creating an enabling atmosphere for the construction of more deep seaports, the Ondo State project will come to fruition,’’ Mr Bello-Koko assured.