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The gains of concessioning Asaba International Airport Okowa
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By Festus Ahon
THE International lounge of the Asaba International Airport hosted prominent Deltans, top Government functionaries and investors Tuesday as the Airport was concessioned to a master concessionaire (FIDC-Menzies Consortium, now incorporated as Asaba Airport Company Limited) and sub-concessionaires of technical partners with a designated area of investment for 30 years by the State Government after five years of rigorous and painstaking exercise.
Among the sub-concessionaires is Air Peace airline which has the mandate of the anchor airline with the construction and operation of Maintenance, Repair and Overhaul (MRO) facility at the airport. Multiflight Cargo and Logistics will manage the cargo aspect and its development. Arbico Construction Company will develop the Business Park, Hotel and Convention Centre; Rainoil Limited and Cybernetics Limited are to develop tank farm and aviation
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Delta Govt signs concessioning agreement with consortium on Asaba airport Delta Govt signs concessioning agreement with consortium on Asaba airport
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The Delta State government, on Tuesday, signed an agreement with the Asaba airport company limited for the concessioning of the Asaba International airport which shall be for an initial period of thirty years.
The journey to hand over the airport to the private sector to manage started five years ago when the administration of Gov Ifeanyi Okowa set up a Project Steering Committee with the mandate to shop for a consortium of Concessionaire Operators/Investors with the technical and financial capabilities to redevelop, finance, design, operate, maintain and manage the facility.