The Central Workshop Ijora’s 20-year concession would bring in N28.1 billion, according to the Infrastructure Concession Regulatory Commission.
The Punch reported that the workshop was utilized to maintain cars, sewage treatment systems, and water supply equipment during the colonial era, according to a statement released on Thursday by the head of media and publicity, Manji Yarling.
She claimed that in order to modernize the Central Workshop until its functions are realized, the concession will use a Rehabilitate-Operate-Maintain-Transfer PPP model.
According to her, Beta Transport Nigeria Limited submitted an unasked-for proposal for infrastructure under the Federal Ministry of Works.
The statement added, “The Federal Executive Council has approved the concession of the Central Workshop Ijora to a private sector firm for rehabilitation and optimal operation under the regulatory guidance of the Infrastructure Concession Regulatory Commission.”
“The concession attempts to modernize the Central Workshop to ensure that its functions are realized. It will use a Rehabilitate-Operate-Maintain-Transfer PPP model.
“The project, which is a privately initiated infrastructure proposal by Beta Transport Nigeria Limited, is estimated to produce N 28.1 billion over the course of a 20-year concession period, with the Federal Ministry of Works serving as grantor.”
Yarling stated that following the FEC’s clearance, the concessionaire will make sure that the workshop’s productive and professional work is carried out by using standard operating procedures via the provision of modern equipment.
The Central Workshop in Ijora, Lagos, was described as a subsidiary of the former Public Works Department in the statement’s addition.
The Colonial Government’s PWD was tasked with constructing and maintaining all public infrastructure, including roads, rail lines, bridges, harbours, and airports.
The Workshop was utilized to maintain machinery for sewage treatment facilities, water delivery systems, and automobiles during the colonial era.
