Invitation for Expressions of Interest as a Concessionaire in Terminal B� Warri Old Port at National Council on Privatization Secretariat Bureau of Public Enterprises Federal Republic of Nigeria

Invitation for Expressions of Interest as a Concessionaire in Terminal B Warri Old Port at National Council on Privatisation Secretariat Bureau of Public Enterprises Federal Republic of Nigeria

Extension of closing Date

The National Council on Privatisation (NCP) through its Secretariat, the Bureau of Public Enterprises (BPE) has the mandate for the implementation of public enterprises reform and restructuring under the Public Enterprises (Privatisation and Commercialisation) Act of 1999.

In line with the reform of the Port sector, the Federal Government of Nigeria through the NCP and the BPE hereby invites prospective Concessionaires to express interest in the concession of Terminal “B” Warri Old Port.

Terminal “B” Warn Old Port: This is a multipurpose Terminal which consists of the following facilities:

• A 150m berth (Berth 1) and a 320m long quay (Berth 2 and 3) set at right angles to Berth 1 with appropriate quay hardware.
• This berth comprise about half of the total waterfront available for use and development by the concessionaire;
• Seven warehouses;
• Approximately 20 derelict buildings including transit sheds and staff quarters; and
• Other buildings and lands within the area known as Old Port including a canteen, workshops, a gear store and labour office and the cargo/materials hardstand in the area.

Successful concessionaires, who must be experienced local/internatonal operators, will be required to manage and operate the Terminal for a minimum perod of 25 years with the option of renewal.

They will also be required to invest in the construction of the Stacking Area, Administrative block, Warehouse and Clinic, rehabilitation of existing facilities and undertake further developments in the Terminal.

To achieve the concession, the Federal Government of Nigeria through the NCP/BPE hereby invites bidders to express interest to be concessionaires in Terminal “B” Warn Old Ports. The bid for the Terminal can be by a Nigerian Company or a joint venture with a foreign partnership, such prospective concessionaires should present verifiable evidence of successful investment and technical competence in maritime operations, with proven ability to operate a port terminal.

Eligible Requirements
Interested applicants should indicate their interest by providing the fdlowing documentaton and information:

• Full name of company, contact person, postal address, telephone/fax numbers and e-mail addresses.
• (a)  Ownership structure of company indicating name(s) of major shareholders nationality and percentage shareholding.

         (b)    SPVs/JVs must provkie legally binding MoUs.

• (a)  Audited financial statements for the immediate past five (5) years and most recent management accounts.

         (b)    In the case of Special Purpose Vehicles (SPV), audited financial statements of the technical and major partners for the immediate past five (5) years and most recent menagement accounts.

• Applicant must have a minimum of US$150 million tangible net worth.
• Applicants must have a minimum of 15 years experience in the efficient operations of a multipurpose Ports Terminal with recorded improvement of cargo turn-around time.
• A statement of technical and operational capabilies, indicating manpower and number of years in maritime business operations with both local and international experience in port terminal operations specified.
• Letter of Consent by professionals indicated to work/avail themselves in the capacities indicated.
• Acceptable and verifiable evidence of availability of operational capital to meet the first two years of operations.
• In the case of SPP/JV, evidence of legally binding MOU with credible technical partners who must have a minimum of 25% equity stake in the SPV/JV. A detailed profile must be attached.
• Provide letter of authorization for BPE to conduct due diligence on the submission.