You have all seen for yourselves the ambitious infrastructural projects that our government is undertaking, not just in the state capital but across the entire length and breadth of the state, connecting communities that were hitherto before now unreached. We will continue to work to ensure that all our communities are made access able by road.
We are committed to hitting the Atlantic Ocean where our real wealth lies from three flanks. These projects include a road and rail project from Yenagoa – Ekeremor – Agge, a distance of over 110km where a deep seaport will be built. Feasibility studies and preliminary designs have since been commissioned on the deep seaport and are in the process of being finalized. We have surveyed 20,000hectares of land for this purpose to host a new port city coming up in that vicinity. Incorporated within this city will be a Free Trade Zone for which the process of obtaining Federal Government approval has commenced. We will be undertaking a road show to invite interested investors to partner with us and build this port city and deep seaport. I therefore call on interested investors in this project to discuss with our investment team during the course of this forum.
The second road is the Yenagoa – Ogbia – Nembe – Brass road and rail project a distance of over 105km where series of investments in the Oil & Gas sector will be taking place connecting the East Senatorial Zone. Projects like the Brass LNG project, Brass Fertilizer Project and such related investments. With our recent intervention of N3b to the contractor working on the ogbia-nembe road, that critical road undertaking by our development partners SPDC/NDDC is billed to be completed later this year.
The third flank is the Yenagoa – Oporoma – Koluama road project opening the central senatorial zone and our forest reserves for agricultural business and other agro-allied industries. Work on this road has gone very far and we are almost at a point where the bridge to Oporoma will be launched.
Our target will be to commence the process of construction of the Ekeremoh-Agge and Nembe Brass later this year under a PPP arrangement that will enable the completion of this all important road and rail projects and we seize this opportunity to call on willing partners to co-invest with us on these projects, as the roads when completed will be concessioned and tolled.
Our purpose in all these unprecedented investment in infrastructure is to modernize capital city and open up our state. By so doing, we will stimulate the growth of our economy through private sector investment.