GAR3TH
February 28th, 2010, 05:53 PM
Work On $1.5billion Calabar Energy City Commences
NEWS POSTED ON 26 January 2009 BY Edem Edem
The Special Adviser to Imoke on Special Projects, Mr. Eyo Ekpo has disclosed that work on the $1.5 billion Calabar Energy City would commence in the first quarter of this year.
Already, reclamation of site at Ekorinim Peninsula for the industrial area and a portion of Pamol Rubber Estate for the residential area had begun.
The project which would cover about 373 hectares of land will be funded and managed through public private partnership (PPP).
He said the engineering work for the project has been concluded and that it will have eco-industrial park as one of its attractions, hoping that when completed, the project will take advantage of Federal Government's policy which demands that 60% of man hour be domicile within the operating region which is yet to be achieve in the region due to the problem associated with the Niger Delta.Responding to why the proposed new Airport has not taken off two years after it was announced, he said Federal Government has failed to live to its agreement by contributing to the project, adding that the state has decided to expand the Margaret Ekpo International Airport. Already ARM Limited has indicated interest in developing it even though there are some set backs.
He maintained that because of the economic viability of the Airport occasioned by the tourism initiative of the state Government, more investors are indicating interest in investing and managing the facility after expansion, adding that the state awaits approval before anything is done bearing in mind that the facility is yet to be listed in the concession exercise.
Ekpo further disclosed that work on the proposed N5billion Calabar Central Market is to commence before the end of the first quarter of the year, adding that the integrated facilities will cater for all categories of trading with other utility services in line with global trend.On the monorail which is to serve as intra city transport, the Special Adviser said, the state has taken delivery of the track components which is part of its contribution and raised the hope that the funding agreement will be reached with the African Export Import Bank which is the main financier to the project for its final take off.
http://allafrica.com/stories/200901261605.html
NEWS POSTED ON 26 January 2009 BY Edem Edem
The Special Adviser to Imoke on Special Projects, Mr. Eyo Ekpo has disclosed that work on the $1.5 billion Calabar Energy City would commence in the first quarter of this year.
Already, reclamation of site at Ekorinim Peninsula for the industrial area and a portion of Pamol Rubber Estate for the residential area had begun.
The project which would cover about 373 hectares of land will be funded and managed through public private partnership (PPP).
He said the engineering work for the project has been concluded and that it will have eco-industrial park as one of its attractions, hoping that when completed, the project will take advantage of Federal Government's policy which demands that 60% of man hour be domicile within the operating region which is yet to be achieve in the region due to the problem associated with the Niger Delta.Responding to why the proposed new Airport has not taken off two years after it was announced, he said Federal Government has failed to live to its agreement by contributing to the project, adding that the state has decided to expand the Margaret Ekpo International Airport. Already ARM Limited has indicated interest in developing it even though there are some set backs.
He maintained that because of the economic viability of the Airport occasioned by the tourism initiative of the state Government, more investors are indicating interest in investing and managing the facility after expansion, adding that the state awaits approval before anything is done bearing in mind that the facility is yet to be listed in the concession exercise.
Ekpo further disclosed that work on the proposed N5billion Calabar Central Market is to commence before the end of the first quarter of the year, adding that the integrated facilities will cater for all categories of trading with other utility services in line with global trend.On the monorail which is to serve as intra city transport, the Special Adviser said, the state has taken delivery of the track components which is part of its contribution and raised the hope that the funding agreement will be reached with the African Export Import Bank which is the main financier to the project for its final take off.
http://allafrica.com/stories/200901261605.html