By CrossRiverWatch admin
Cross River State governor, Senator Ben Ayade, has said that the proposed state owned seaport in Calabar, when completed, will generate in excess of three hundred billion Naira for the State annually.
The Governor who promised to appoint a transaction adviser for the project after his return from his oversea trip added that the seaport design is at advanced stage and work is expected to begin on the project by October 2015.
He told CrossRiverWatch that “Tentatively, by 15th of this month, I should have the feasibility report on the project. By October, we should begin the actual construction of the seaport.
“The cost of the project is quite high but on completion, the seaport will generate in excess of three hundred billion for the State in revenue.”
Governor Ayade assured Cross Riverians that he is working in synergy with the federal government and was optimistic that the Buhari administration was prepared to work with the state government to actualize his developmental plans.
Since You Are Here, Support Good Journalism
CrossRiverWatch was founded on the ideals of deploying tech tools to report in an ethical manner, news, views and analysis with a narrative that ensures transparency in governance, a good society and an accountable democracy.
Everyone appreciates good journalism but it costs a lot of money. Nonetheless, it cannot be sacrificed on the altar of news commercialisation.
Consider making a modest contribution to support CrossRiverWatch's journalism of credibility and integrity in order to ensure that all have continuous free access to our noble endeavor.