News / Five projects to be tendered before year-end in Nigeria according to the ICRC

Five projects to be tendered before year-end in Nigeria according to the ICRC

🕔 July 5, 2011

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The Director General of the Infrastructure Concession Regulatory Commission (ICRC) of Nigeria, Mr Ahmed Mansur, was quoted yesterday in the online newspaper
He assured that five projects will be tendered under the Public private partnership (PPP) model before the year 2011 ends.
"My target is that at least five of these key projects should reach the transaction stage, the stage where you have found a private partner to negotiate and agree on how the service will be provided."
Mr. Ahmed Mansur ensured that the list of projects will be diverse. There will be social and transport projects:
He listed the projects to include some roads, railways, bridges. "We are working with Ministry of Health on hospital projects and we are working with the Federal Capital Development Authority (FCDA) on a number of projects, urban infrastructure, mass transit, railway and water supply.
At the moment they are just structuring the projects so that they will attract investors willing to invest big amounts of money in Nigeria:
"We are working on 27 projects and what we are doing is what I describe as planning and conceptualising and developing the project in a way that will enable us to look for credible private investors and bring them into PPP arrangement," he said.
Remember that by 2050, Nigeria is expected to be the 6th largest country in the world, with an estimated population of 287 million people.
Remember that you cand many infrastructure resources at InfraPPP Africa. See the construction report released by Vetiva Capital Management  some days ago.
To follow closely all the udates from the Infrastructure Concession Regulatory Commission (ICRC) of Nigeria, visit its website.
Some of the transportation projects they are structuring as PPP projects are the following:
  • Lekki-Ikoyi Bridge ($ 200 m)- Construction -Foundation of pier, abutment and steel piling in progress
  • Murtala Moh'd Airport Road Expansion ($ 70-100 m)-Selective tender process in progress
  • Berger-Isawo-ItaOluwo Toll Road ($ 400 m)-Traffic and preliminary feasibility studies have been undertaken. Feasibility study and EIA to be undertaken
  • Lagos-Badagry Expressway ($ 270 m)- Work has commenced on Phase 1 of Lot 1
  • Lagos-Ibadan Expressway ($ 600 m)- Concessionedin May 2009
  • Abuja-Kaduna Carriageway ($ 138 m)- Pre-feasibility/OBC study
  • Kaduna-Kano Carriageway ($ 177 m)- Pre-feasibility/OBC study
  • Shagamu-Benin Carriageway ($ 423 m)- Pre-feasibility/OBC study
  • Benin-AsabaCarriageway ($ 139 m)- Pre-feasibility/OBC study
  • Niger River Bridge at Nupeko ($ 44 m)- RFP issued for pre-feasibility
  • River KatsinaAla Bridge at Buruku ($ 29 m)- RFP issued for pre-feasibility
  • Ibadan-Ilorin Road ($ 250 m)- RFP issued for pre-feasibility
  • Lagos-Iseyin-Kishi-Kaiama ($ 500 m)- RFP issued for pre-feasibility
  • Kaiama-Konkweso-Kanje-TugarGwambe ($ 547 m)- RFP issued for pre-feasibility
  • Onitsha-EnuguRoad ($ 122 m)- RFP issued for pre-feasibility
  • Enugu-Port Harcourt Road ($ 148 m)- RFP issued for pre-feasibility
It is very interesting to see the debate that there is going on about islamic financing in Nigeria. The Central Bank of Nigeria (CBN), the Infrastructure Concession Regulatory Commissiosn (ICRC) and the Debt Mangement Office (DMO) have started discussions on the best ways to explore an option of sukuk (Islamic) bonds for financing the infrastructure requirement in the country.
To see more details about the infrastructure PPP projects in Nigeria, check this presentation that Mr Ahmed Mansur, Director General of the Infrastructure Concession Regulatory Commission (ICRC) of Nigeria gave some days ago.
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