Dala Inland Dry Port presents report to Shippers’ Council
The Reviewed Business Report of the Dala Inland Dry Port in Kano state, has been presented to Nigerian Shippers’ Council (NSC).
The presentation was done by the Management team of Inland Dry Port, under the watch of Managing partner/CEO of the Public Private Partnership Advisories, Hon.Mohammed Kumalia, at the Shippers’ Council office in Abuja.
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 (AfCTA).
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.
The Council, has consistently provided support to 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 movement of cargo to the hinterland, while increasing accessibility to Nigeria’s landlocked neighbours in the North.
The 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.