Invitation for Expression of Interest as a Concessionaire at National Council on Privatization Secretariat: Bureau of Public Enterprises
Federal Republic of Nigeria
National Council on Privatization Secretariat: Bureau of Public Enterprises
Invitation for Expression of Interest as a Concessionaire in Terminal “B” Warri Old Port
- The National Council on Privatization (NCR) through its Secretariat, The Bureau of Public Enterprises (BPE) has the mandate for the implementation of public enterprises reform and restructuring under the Public Enterprises (Privatization and Commercialization) Act of 1999.
- In line with the reform of the Port sector, the Federal Government of Nigeria through the NCP and the BPE hereby invites prospective Concessionaires to express interests in the concession of Terminal “B” Warri Old Port.
3. Terminal “B” Warri Old Port: This is a multipurpose Terminal which consists of the following facilities:
- A 150m berth (Berth 1) and a 320m long quay (Berth 2 and 3) set at right angles to Berth 1 with appropriate quay hardware.
b. This berth comprises about half of the total waterfront available for use and development by the concessionaire.
c. Seven warehouses.
d. Approximately 20 derelict buildings including transit sheds and staff quarters: and
e. Other buildings and lands within the area known as Old Port including a canteen, workshops, a gear store, a labour office and the cargo/materials hardstand in the area.
4. Successful concessionaires, who must be experienced local/international operators, will be required to manage and operate the Terminal for a minimum period of 25 years with the option of renewal.
5. They will also be required to invest in the construction of the Stacking Area, Administrative block, Warehouse and Clinic, rehabilitation of existing facilities and undertake further developments in the Terminal.
6. To achieve the concession, the Federal Government of Nigeria through the NCP/BPE hereby invites bidders to express interests to be concessionaires in Terminal “B” Warri Old Ports. The bid for the Terminal can be by a Nigerian Company or a joint venture with a foreign partnership. Such prospective concessionaires should present verifiable evidence of successful investment and technical competence in maritime operations, with proven ability to operate a port terminal.
7. Interested applicants should indicate their interest by providing the following documentation and information:
i. Full name of company, contact person, postal address, telephone/fax numbers and e-mail addresses.
ii. (a) Ownership structure of company indicating name(s) of major shareholders’ nationality and percentage shareholding.
(b) SPVs/JVs must provide legally binding MoUs
(a) Audited financial statements for the immediate past five (5) years and most recent management
(b) In the case of Special Purpose Vehicles (SPV) audited financial statements of the technical and major partners for the immediate past five (5) years and most recent management accounts.
- Applicant must have a minimum of US$150 million tangible net worth.
- Applicants must have a minimum of 15 years experience in the efficient operations of a multipurpose Ports Terminal with recorded improvement of cargo turn-around time.
- A statement of technical and operational capabilities, indicating manpower and number of years in maritime business operations with both local and international experience in port terminal operations specified.
- Letter of Consent by professionals indicated to work/avail themselves in the capacities indicated.
- Acceptable and verifiable evidence of availability of operational capital to meet the first two years of operations.
- In the case of SPP/JV, evidence of legally binding MOD with credible technical partners who must have a minimum of 25% equity stake in the SPV/JV. A detailed profile must be attached.
- Provide letter of authorization for BPE to conduct due diligence on the submission
8. Failure to provide the above information in full will render an application invalid.
9. This is not an invitation to bid and BPE is not obligated to consider any expression of interest. All expenses in respect of this expression of interest are to be borne by the applicant.
10. One original with five (5) copies accompanied by an electronic copy should be delivered in sealed envelope clearly marked “EOI Terminal “B” Warri Old Port” at the top right hand corner and delivered to the address below not later than 22nd July 2014.
Mr. Benjamin Ezra Dikki
Director General, Bureau of Public Enterprises (BPE),
Member/Secretary National Council on Privatisation
11 Osun Crescent, Off Ibrahim Babangida Way,
Maitama, Abuja.
E-Mail: bdikki@bpeng.org
