The Cross Rivers State government, in collaboration with the Cross River State Ministry of Industries, the State’s Public Private Partnership Council and the Bureau of Public Private Partnership has announced the call for expression of interest from investors for the concession of some of the state-owned key industries and assets. The submission deadline has been set for April 27, 2023.
Made pursuant to the State’s Public Private Partnership Law, No 6, 2010, the government is making an open call for investors to tender expressions of interest for the concession of assets such as the Cross River State Bagging Factory, Calabar, which is an ultra-modern facility located within the Ayade Industrial Park, the Groundnut Oil Mill, Bekwera, the Maize flour factory, Obanliku, the fresh fruit pickles factory, Obanliku, and the Transcorp Hotel, Calabar.
The concession of the above listed assets which has already been approved by the Cross River State Executive Council is in line with the State government’s strategic integrated infrastructure plan to promote infrastructure development and attract investment amongst others. Under the arrangement, the State’s Public Private Partnership Council and the Bureau of Public Private Partnership will assist in the procurement of interested private sector investors with the requisite technical competence, managerial capability and financial resources. The concession is expected to take the finance, operate, maintain and transfer model.