Trading

GOVERNOR OBIANO TO CONSTRUCT RAILWAY IN ANAMBRA.

Maureen Agbala (Mrs) : The State Government through its Ministry of Economic Planning, Budget and Development Partners and ANSIPPA is in talks with a Chinese firm for the development of rail projects in the State.

Governor Willie Obiano who disclosed this at the Governor’s Lodge, Amawbia when he signed a memorandum of understanding (MOU) for the development of an ultra modern bounded container freight terminal in the State.

The MOU with an investment of 5.5Billion Naira will see the execution of the project under a special purpose vehicle to be called Anambra Bounded Container Freight Terminal, Ozubulu in Ekwusigo Council Area. The Terminal will include a container shed, equipment maintenance workshop, lorry/container park, control tower and tanks among others.

There will also be building to accommodate government agencies such as NAFDAC, NDLEA, and the Nigerian Customs services. Under the MOU, the State government is to contribute thirteen hectares of land amounting to about Five hundred Million Naira as its equity while the investor will bring the balance of five billion naira.

The governor further said his government was also targeting to use the project to change the trend from importation to exportation as the terminal would provide the opportunity for Agro-manufacturers and other industrialists to export their products.

In his remark, the chairman of ANSIPPA and traditional ruler of Umuoji, Igwe Cyril Enweze acknowledged that the terminal when completed would act as a catalyst to the think home philosophy of the present administration, commending Governor Obiano for his vision.

The Managing Director of the investing company, Chief Anthony Nwabunike observed that the project is very strategic as it will help address the numerous challenges which the business community in the State face in the hands of custom officers on federal roads.

Source: Anambra State Government