The Warri-Itakpe counterpart project will be executed at the cost of N860,806,423. It was granted to Fane International Consult Limited and Artificial Intelligence Technologies Limited as technical partners, also for a 10-year term. Revenue generation from the concession is estimated at N63.3 billion.
The Infrastructure Concession Regulatory Commission (ICRC), said the approval for the concessioning of its four projects by the Federal Executive Council (FEC) would attract N647.7 billion revenue to Nigeria. This is contained in a statement signed by Mr Ifeanyi Nwoko, Acting Head, Media and Publicity, ICRC, in Abuja on Friday. Nwoko said the projects included