You are here
Home > BUSINESS > Our plan for Warri Port, by firm

Our plan for Warri Port, by firm

Our plan for Warri Port, by firm

Please follow and like us:

  • 0
  • Share

The SIFAX Group-led consortium, Ocean and Cargo Terminal Services Limited, has promised to turn around the fortunes of Terminal B, Warri Old Port in Delta State.

The consortium’s Chairman, Taiwo Afolabi, made the pledge at the handing over of the terminal to his firm by the Bureau of Public Enterprises (BPE) and the Nigerian Ports Authority (NPA) in Abuja.

The firm won the concession for the port with a bid of $100.78 million. It would run the terminal for 25 years.

Afolabi said he noted the combined industry and business experience and pedigree of members of the consortium. He thanked the BPE and the NPA for the transparent manner the process was conducted.

He said: “This is a great news for us as a company to have led this consortium to win the concession of the terminal. While we are glad that we have emerged the concessionaire of the Warri Terminal, we are not unaware of the enormous responsibility this success has conferred on us. However, it is a familiar territory for us having operated the Terminal C at the Tin Can Island Port, Lagos, successfully in the last 12 years. We will fall back on the experience and expertise we have developed running the terminal to make a difference at the Warri Port. We have already begun mobilising our team to hit the ground running as soon as possible. I want to assure that in no time, the fortunes of the Warri Port will change for the best.”

Similarly, the Group Managing Director, SIFAX Group, Adekunle Oyinloye, pledged that the company will set new standards with the management of the new terminal. “BPE, NPA and other relevant government agencies should look forward to an efficient port management system when we formally take over the control of the terminal while the clients are in for an unparalleled customer-focused service delivery that will put them at the heart of our operations. We will also adhere strictly to the terms of the concession agreement too,” he said.

Earlier in his speech, BPE Director-General, Alex Okoh, noted that the objectives of the Federal Government in concessioning the port is to increase efficiency, improve service delivery, modernise port development, reduce the cost of shipping and clearing of goods at the ports and relieve the government of the burden of financing the sector, while urging concessionaire to focus on these objectives as they take over the terminal.

“Government expects nothing less than strict adherence to the terms of the concession agreement. Consequently, the pursuit of your business objectives must be tailored in a way that will also assist in the realisation of these objectives,” he noted.

Facebook Comments

Please follow and like us:

  • 0
  • Share

Leave a Reply

Top