In a bid to retrieve the State from infrastructural ruins and accelerate its economic development, the Abia Governor Dr. Alex Otti, OFR, has said that his administration is open to partnering serious-minded investors for infrastructural financing with concessionary options.
The Governor spoke on Tuesday 23rd July, when he received in audience a delegation of FUNGTAI Engineering Company Nig. LTD, led by the Director of Projects, Dr. Cyril Christopher who paid him a business visit to present their proposal to build sports infrastructures in the State.
Governor said, “My preference is to deal with a partner that comes up with the funding and then we can now look at the concession agreement”.
“That would be my preference. And, once you come up with that kind of proposal, you have put yourselves ahead of others. Even in housing estate, we have something like that.”
The Governor called on FUNGTAI Engineering Company LTD to look beyond sports infrastructure to explore other sectors like Real Estate where the State is planning to develop smart cities and high end estates for Abians in Diaspora, Professionals within and outside the State. Governor Otti said that the State will contribute in the aspect of providing lands which constitute up to twenty to thirty percent (20 – 30 %) gross.
“Our contribution is always land which sometimes comes up to 20 – 30% of gross”, Governor Otti stated.
Earlier in his speech, Dr. Cyril Christopher said they came to present a proposal for the building of a Forty Thousand FIFA standard capacity stadium with foundation expandable to Eighty Thousand capacity. He also said they were interested in the rebuilding of Nsulu Games Village. Dr. Cyril said that their company is seventy percent Nigeria owned with offices across the globe. The company is currently developing the multi-billion dollar new FESTAC city. He thanked the Governor for giving them the opportunity to showcase their company and proposed projects to the State.
Al Jar Makani Bassam (The Project Manager) presented the conceptual designs of the stadium and sports complex they intend to build for the State to the Governor and members of his team.
Other members of the FUNGTAI Engineering Company delegation that came with Dr. Cyril Christopher include David Guo (Power and Electrical), Al Jar Makani Bassam (Project Manager), Alhajali Wasseem (Project Assistant), and Sandra Okpuno (Legal Services).
Governor Otti was joined in the meeting by the Honourable Commissioner for Sports and Youth Development, Mr. Nwaobilor Nwadimma Ananaba, the Principal Secretary to the Governor and Chief Strategy Officer to the Government, Mr. Chinenye Mba-Uzukwu, and the Technical Assistant to the Governor Dr. Charles Egonye.
Ctz. Ukoha Njoku Ukoha
Chief Press Secretary to the Executive Governor of Abia State.
23-07-2024.
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