•FEC okays $3.05 trillion National Integrated Infrastructure Master Plan
The Federal Government yesterday black-listed a firm, Messrs Techno Electric and Engineering Company and its directors from executing any government project in the country.
Briefing State House correspondents at the end of the Federal Executive Council (FEC) meeting, the Minister of State for Power, Mohammed Wakil, said the company abandoned electricity project in Ebonyi State for the Engineeering Design, Manufacture, Supply, Installation, Testing and inauguration of 2X60MVA, 132/33KV at Amasiri and 2X132KV Line Bays Extension at Abakaliki after collecting 15 per cent mobilisation fee on December 1, 2010.
He said FEC has approved the re-award of the contract to Messrs North China Power Engineering limited and NCEP (Nig) Limited.
The new contract sum, he said, is $5,835,368.47 payable at the prevailing exchange rate at the time of payment plus N505,788,083.58 inclusive of N67,211,298.58 for five per cent contingency.
The project, which has 24- month completion period, the minister said, was designed to boost power supply to Ebonyi and parts of Cross River states and aimed at enhancing the socio-economic development of the states.
According to him, the funding for the project would be sourced from Eurobond loan, the budget and the unutilised letter of credit earlier established for the terminated project.
Speaking during the briefing, the Minister of Transport, also said FEC approved the award of contract for the design and construction of four 60 Ton Bollard Pull Marine Tug Boats in favour of Messrs Depasa Marine International (Nigeria) Limited.
The contract sum, he said, is Euro 42,968,864.70 equivalent of N8,778,423,042.28 inclusive of all taxes and within 24 months.
He said the project is expected to generate 97 job opportunities for both professionals and non professionals during its execution and about 112 direct and indirect job opportunities when in full operation.
The Minister of National Planning, Abubakar Suleiman said the Council also approved the National Integrated Infrastructure Master Plan, which is expected to be executed with $3.05 trillion (N485 trillion) between this year and 2043.
He said the master plan will be implemented in three phases while the first phase will between 2014 and 2018 will require $166.1billion for implementation.
The plan, which will cover all the key sectors of the economy, would address infrastructural gaps being experienced in the various sectors.