From Godwin Obi, Lagos
THE promoters of Port, transshipment container market for the Ibom Deep Seaport (IDSP) have guaranteed that the procurement process for the commencement of work at IDSP has fully commenced.
The process requires private sector players signifying interest in financing the development of the port. According to the statement by the promoters of port, transshipment container market for the IDSP, the project when commenced will grow from about 1.2 million (Ten Equivalent Units) TEUs in 2021 to about four million TEUs in 2040 and when the port is fully developed, the container terminals will be able to accommodate up to 13 New Panamax Class container vessels and two very large feeder vessels. The Ibom Deep Seaport is strategically located in the South East of Akwa Ibom State, on a 2,565 hectares Greenfield port area which is designed for New Panamax, Class vessels with channel (18.24m); turning basin and berth depth (16.72m) and quay length of about 7.5 km.
The project is said to be in an enviable position to emerge as the first major transshipment hub for the region. As contained in the statement, “due to its proximity to target markets in West and Central Africa, neighbouring hinterland countries and major shipping lines calling West/Central Africa, large gateway market size to attract direct vessel services and sizeable transshipment cargo hinterland for feeder shipping network connection, as well as its capacity to handle post and New Panamax vessels at its specialized terminals”. “The IDSP is in an enviable position to emerge as the first major transshipment hub for the region. The transshipment container market for the IDSP is estimated to grow from about 1.2 million TEUs in 2021 to about four million TEUs in 2040,” the statement added. It was gathered that the seaport was unarguably one of the most promising Public Private Partnership (PPP) infrastructure initiatives in Africa .