FG Begins Feasibility Study for Brass Shipyard Project
The federal government has commenced feasibility study for the construction of a shipyard in Brass Island, Bayelsa State, which would cater for the maintenance and repair services of cargo vessels, oil tankers, and Liquefied Natural Gas carriers.
The scope of the feasibility study includes geotechnical and bathymetric surveys, conducting a market study, ascertaining an optimal construction scale, developing technical proposal and construction plan and estimation of the required investment to bring the project into reality. Dwelling on the prospects of the shipyard project, Sylva hinted that the Nigeria LNG’s Train 7 project was expected to increase the company’s LNG capacity from 22 metric tons per annum to 30 metric tons per annum, and induce the acquisition of additional LNG carriers to the existing ones, all of which would need maintainance and servicing.
In his presentation, the Executive Secretary of NCDMB, Mr. Simbi Wabote, assured that the Brass shipyard project and other ongoing efforts to catalyze manufacturing would help the board achieve the target of 70 percent Nigerian Content by 2027.
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