He, however, announced that the project was still on course, adding that the project was supposed to be part of the rehabilitation of the Port Harcourt – Maiduguri railway line.
“Bonny Deep seaport is still on course. The seaport is part and parcel of the rehabilitation of the Port-Harcourt-Maiduguri railway line. It is supposed to be funded 85 per cent by a Chinese concessionary loan from China Exim Bank while the balance of 15 per cent is to be provided under our appropriation. So far, all the work going there currently is funded from the 15 per cent appropriation. The 85 per cent from Chinese Exim Bank has not materialised.
“And as we speak, the contracting company, CCECC is pushing for alternative funding mechanisms based on commercial laws. that will be subject to review of both the Federal Ministry of Finance, Budget and National Planning and the Debt Management Office as well all as the National Assembly,” Sambo continued.
Meanwhile, the President of the League of Maritime Editors, Timothy Okorocha, said, “On behalf of LOME, I wish to place it on record that Sambo and Adegoroye are the epitome of grace in leadership, which also inspires and promotes respect, chivalry, and focus at the workplace, leading unswervingly to efficiency and productivity.”All rights reserved.
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