Breaking: FEC Okays Development of $2.59bn Badagry Deep Seaport

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The Federal Executive Council (FEC) today approved the Development of the Badagry Deep-Sea Port, on Build-Own-Operate-Transfer (BOOT) Public Private Partnership (PPP) Model

Project Sum of USD$2.594 Billion is to be fully-financed by Private Investors

Concession period: 45 years.

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