The Federal Executive Council, today approved the Full Business Case Compliance Certificates for National Public Security Communications project and the Ibom Deep Seaport project. This was part of decisions reached at its weekly meeting which held today at the Council Chamber, Presidential Villa, Abuja.
With this development, the stage is set for contract signing and implementation with respect to the projects.
The National Public Security Communications project is a Public Private Partnership Project between the Ministry of Police Affairs and MPS Technologies Limited (a special purpose vehicle incorporated by Mobitel limited to manage the NPSC Concession), on a Build, Operate and Transfer arrangement, which will combine the network’s 450MHz spectrum with MPS’s 2300Mhz (2.3GHz) spectrum among other assets. The objective of the project is to rehabilitate, upgrade and operate the system in order to more efficiently provide specialized security and surveillance services to the Nigerian Police on a sustainable commercial basis and generate revenue.
The Ibom Deep Seaport on the other hand is a greenfield port development integrated within the Ibom Industrial City (IIC) Free Zone development. It is located in the South East of Akwa Ibom State. Bolloré-PCI Consortium are the Concessionaires for the project.