Stanbic Ibtc Partners Lags On Lekki-epe Int’l Airport

on NOVEMBER 22, 2011

By AMAKA ABAYOMI

Stanbic IBTC Bank has been appointed sole financial adviser to the Lagos State government on the proposed Lekki-Epe International Airport project to be developed on a modular basis at an estimated project cost of N71.64bn ($450 million) in its first phase.

Situated about 10km from Lekki Free Trade Zone (LFTZ), the proposed airport will boost economic activities at the LFTZ scheduled to begin full operations in 2012. It will also drive urban development and tourism in the Lekki-Epe axis of Lagos State.

A scalable airport that will be designed to cater for the Airbus A380, making it a Code F compliant airport, the Lekki-Epe International Airport is expected to commence operations with a conservative capacity of two million passengers per annum, reaching five million passengers by 2015.

Commenting on the airport project, Chief Executive Officer of Stanbic IBTC Bank, Sola David-Borha, said the project reinforces the bank’s long standing partnership with the Lagos State Government in the area of infrastructure development, which is informed by the knowledge that infrastructure is the foundation on which socio-economic development is built.

“We are proud to partner with Lagos State Government on the Lekki-Epe International Airport project.

“Our involvement is yet another testament to our commitment to infrastructure development in Lagos State, which is founded on our deep belief in Nigeria and our confidence in its massive developmental potential.”

As part of the competitive tender process for the construction of the Lekki-Epe International Airport, Stanbic IBTC Bank has made available Request for Pre-Qualification (RFPQ) to 33 Nigerian and international firms who have indicated interest to participate in the ambitious project.

The companies had earlier submitted Expression of Interest (EOI) in August 2011, bidding for the project under a Public Private Partnership (PPP) arrangement.

The RFPQ provides the bidding companies with guidelines for the submission of a Statement of Qualification (SOQ) which highlights their technical, operational and financial capability to design, finance, build and operate the Lekki-Epe International Airport, before its transfer to Lagos State Government at the expiration of the concession period.

NAHCO Aviance, Julius Berger Nigeria Plc, Arab Contractors Nigeria Limited and Cappa D’Alberto Plc, are among the 20 Nigerian companies that have been provided with the Request for Pre-Qualification.

They will compete against 13 international firms that includes Munich Airport Germany, Hyundai Engineering and Construction Co Limited and Canadian Commercial Corporation, among others, for the development of the first phase of airport project.

Stanbic IBTC Bank is a member of Standard Bank Group, a leading African banking group focused on building first-class on-the-ground banks in chosen countries in Africa and connecting other selected emerging markets to Africa and to each other.

It has a footprint which now spans 17 countries across the African continent, including South Africa, and 13 countries outside Africa, including China and Brazil, which are key to its cross border strategy and success.

http://www.vanguardngr.com/2011/11/stanbic-ibtc-partners-lags-on-lekki-epe-int%E2%80%99l-airport/

I do hope that they will begin full operations in 2012.

While I trust that Fashola is not the short devil in Delta state, 2012 operational date seems too short for a project of this magnitude. Or are there intending to start with an airstrip with large pavement and then upgrade to a full airport in the very near future?

But in all, I think this is a very good project worth implementing! Kudos to the Lagos State government.

seriously mr stanbic ibtc rivers state needs u more,

maki:

seriously mr stanbic ibtc rivers state needs u more,

bank don finish for naija ni?

Why not upgrade the MMIA?

^^

with lagos tax money?

hajifaty:

Why not upgrade the MMIA?

This is a state government initiative, MMIA belongs to the FG.

Don't blame anyone if they've got more faith in Lagos state than the federal circus government.

Thats a good biz

ekt_bear:

Stanbic Ibtc Partners Lags On Lekki-epe Int’l Airport

on NOVEMBER 22, 2011

By AMAKA ABAYOMI

Stanbic IBTC Bank has been appointed sole financial adviser to the Lagos State government on the proposed Lekki-Epe International Airport project to be developed on a modular basis at an estimated project cost of N71.64bn ($450 million) in its first phase.

Situated about 10km from Lekki Free Trade Zone (LFTZ), the proposed airport will boost economic activities at the LFTZ scheduled to begin full operations in 2012. It will also drive urban development and tourism in the Lekki-Epe axis of Lagos State.

A scalable airport that will be designed to cater for the Airbus A380, making it a Code F compliant airport, the Lekki-Epe International Airport is expected to commence operations with a conservative capacity of two million passengers per annum, reaching five million passengers by 2015.

Commenting on the airport project, Chief Executive Officer of Stanbic IBTC Bank, Sola David-Borha, said the project reinforces the bank’s long standing partnership with the Lagos State Government in the area of infrastructure development, which is informed by the knowledge that infrastructure is the foundation on which socio-economic development is built.

“We are proud to partner with Lagos State Government on the Lekki-Epe International Airport project.

“Our involvement is yet another testament to our commitment to infrastructure development in Lagos State, which is founded on our deep belief in Nigeria and our confidence in its massive developmental potential.”

As part of the competitive tender process for the construction of the Lekki-Epe International Airport, Stanbic IBTC Bank has made available Request for Pre-Qualification (RFPQ) to 33 Nigerian and international firms who have indicated interest to participate in the ambitious project.

The companies had earlier submitted Expression of Interest (EOI) in August 2011, bidding for the project under a Public Private Partnership (PPP) arrangement.

The RFPQ provides the bidding companies with guidelines for the submission of a Statement of Qualification (SOQ) which highlights their technical, operational and financial capability to design, finance, build and operate the Lekki-Epe International Airport, before its transfer to Lagos State Government at the expiration of the concession period.

NAHCO Aviance, Julius Berger Nigeria Plc, Arab Contractors Nigeria Limited and Cappa D’Alberto Plc, are among the 20 Nigerian companies that have been provided with the Request for Pre-Qualification.

They will compete against 13 international firms that includes Munich Airport Germany, Hyundai Engineering and Construction Co Limited and Canadian Commercial Corporation, among others, for the development of the first phase of airport project.

Stanbic IBTC Bank is a member of Standard Bank Group, a leading African banking group focused on building first-class on-the-ground banks in chosen countries in Africa and connecting other selected emerging markets to Africa and to each other.

It has a footprint which now spans 17 countries across the African continent, including South Africa, and 13 countries outside Africa, including China and Brazil, which are key to its cross border strategy and success.

http://www.vanguardngr.com/2011/11/stanbic-ibtc-partners-lags-on-lekki-epe-int%E2%80%99l-airport/

only Lagos

^-- Surely banks should be able to decide what they want to do with their money to make profit, right?

No one should have a problem with where the private sector decides to invest its money in Nigeria.

IBTC!!!! make una no carry my pension money dey playooooo,

Great moves , but do we need another intl airport in Lagos ask your self, the train railwy is stil on the way , to conslude from Orile to Badagry, let dem finish dat one first, then eko atlantic, city also

Revolva:

Great moves , but do we need another intl airport in Lagos ask your self, the train railwy is stil on the way , to conslude from Orile to Badagry, let dem finish dat one first, then eko atlantic, city also

Oga we sure need another international airport in Lagos.

Lagos deserves a standard airport better than that beer parlour joint called MMIA

its about time! as soon as they finish it let them demolish that National DISGRACE (MM1) called airport.

de-moore:

IBTC!!!! make una no carry my pension money dey playooooo,

ha ha ha ha

may almighty God strenghten the good doer.

I guess like most things in Nigeria the so called Government at all levels do not maintain infrastructure - just build another airport.
So everyone in government can use this chance to steal money. Then they go to church on Sunday and dance and pray to God.

By the time they steal 90% of the money we will see the shambles built. Then they award many more contracts. Only in Nigeria - they spend 10 times more and get 10 times less.

Some day the masses will rise up and it will not be nice.