Home Transport FG orders Aviation Minister to fast track the airport concession

FG orders Aviation Minister to fast track the airport concession

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The Federal Government has directed the Ministry of Aviation to fast track the airport concession programme.

This was disclosed by President Muhammadu Buhari during the inauguration of the new International Terminal of the Murtala Mohammed Airport, Lagos on Tuesday.

According to him, as this and the approved aviation road map are being implemented, the sector will begin to witness growth opportunities.

President Buhari said, “The Minister of Aviation has been directed to fast track the airport concession programme in order to open the aviation sector for further growth opportunities and to drive investment partnership in the sector.”

What you should know about the concession plan
Recall that the Minister of Aviation, Hadi Sirika had stated that transaction advisers for the concession of the airports were currently analysing the proposals of bidders.

He explained that successful bidders would be announced soon, adding that the entire process should be completed in second quarter of this year.

Sirika said, “The transaction advisers for the concession have finished the Outline Business Case and had got the Request-for-Qualification. We’ve pre-qualified the people and they’ve been issued Request-for-Proposal.

“They’ve turned the proposals in and we are analysing them to announce the successful bidders and this will be soon. Our timetable is for the first quarter of this year.

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