News
Delta State Govt Signs Concession Agreement With Asaba Airport Company
The Delta State government Tuesday signed a concession agreement with Asaba Airport Company to manage and run the Asaba Airport for the next 30 years. The agreement is coming after five years of negotiations between the parties involved in the concession.
Concessionaire to pay initial sum of 1 billion naira to the state government
The negotiation started in 2016 when the current Governor of Delta State, Dr Ifeanyi Okowa, indicated his intention to concession the airport for better management.
The Asaba Airport Company Limited, the concessionaire, is a consortium that has technical partners as sub-concessionaires. They are Air Peace as the Anchor Airline and MRO operator, Multifreight Cargo and Logistics for the cargo and Logistics centre, Arbico Construction Company to build the Business Park, Hotel and Convention Centre, Rainoil Limited and Cybernetic Limited to develop the Tank Farm and provide aviation fuel, and Quorum Aviation Limited to develop the private jet and Helicopter Terminal of the airport.
It operates in over 200 airports around the world, showing dominance in most major airports in the United Kingdom, United States of America, Europe and South Africa.” Meanwhile, the Governor of Delta State, Dr Ifeanyi Okowa while delivery his speech at the signing ceremony revealed that the Concessionaire will ” pay an annual fees of 100 million naira to the state while the agreement last. Asaba Airport Company
They will also pay an initial sum of 1billion ( One Billion naira ) to the state government hours after the agreement is signed.
” Governor Okowa who enumerated other benefits of the concession of the airport to the people of Delta State praised the efforts of the Airport Concession Committee for making his vision for the airport a reality. Asaba Airport Company
-
Business1 week agoDangote Cement Rewards Top Distributor With New 2026 Lexus LX700h Worth Over ₦400 Million
-
News4 days agoUltra-Rare, Centre-Driving McLaren F1 GTR Fetches Record $34.6 Million At Auction
-
News4 days agoMansa Fulfills Challenge: TikTok Star Peller Gifted ₦300 Million Mercedes-Benz G-Wagon
-
Celebrities Auto1 day agoInside KC Luxury’s Car Collection: From A ₦2.5B Brabus 800 Adventure XLP To Alicia Keys’ Former Maybach
-
Latest Cars1 week agoLexus Updates The ES For 2027, And It Will Be Made In Japan
-
News4 days agoPorsche And Chinese Company Xpeng Collaborate To Lower Average Emissions In Europe
-
Auto Sport1 week agoTractor Maker’s JCB Hydromax Sets New 406-mph World Land Speed Record For A Hydrogen-powered Vehicle
-
News1 week agoMoment Fiat Panda Drives Onto Runway And Crashes Into Private Jet Taxiing At Milan Airport