-By Sylvester Iloba:
The Delta State Government will ensure that all Projects it embarked on would be seen to it’s logical conclusion.
The Chairman Delta State Investments Development Agency (DIDA) Mr. Paul Nmah gave this assurance in a statement in Asaba.
Nmah who also doubles as the Executive Assistant to His Excellency on Investment and Promotions noted that at the point of his assuming office many projects were signed without full implementation.
” Your Excellency, you may recall that before I came in as your Executive Assistant, there were many MoUs which were signed by the State Government without implementation. But since the establishment of DIDA and taking over as EA Investment and Promotions as well as DIDA Chairman, all MoUs signed with Investors are being implemented.” He said.
The DIDA Chairman further stressed that his Agency had about 15 to 20 Public Private Partnership projects at different stages of implementation.
“Your Excellency, we wish to inform you today that DIDA currently has about 15 – 20 PPP Projects that are at various stages of processing and implementation all over the State. We hereby assure Your Excellency that not one of them will be abandoned based on the stringent proposal evaluation and due diligence processes which we have put in place to ensure that every potential investments are viable and sustainable before recommending them to His Excellency for approval.” Nmah stated.
Mr. Nmah noted with joy that the Asaba Ultra Modern Mechanic Village which was one of the foremost projects under PPP Model which he attracted in 2016 as the Executive Assistant to the Governor on Investment and Promotions had been inaugurated.
According to him PPP models usually took longer time due to the financing arrangements and project implementation issues and said he was satisfied that after 7years the Asaba Ultra Modern Mechanic Village was finally inaugurated.
“Your Excellency Sir, at first a lot of people did not believe in this project and were skeptical whether it would succeed or not; but you understood the Business Model and supported the Project. This you did by supporting Rehomes Property Development Company Limited through the provision of the necessary assistance and I am happy that the project which you nurtured from foundation had been inaugurated.
“The Asaba Ultra Modern Mechanic Village is a 704 modern mechanic lockup shops, 78 workshops, police post, fire service station and modern conveniences, completed and ready for use. This is the first of its kind.
“The project cost is about N5billion and was contributed by the investors with Delta State Government providing the land. The Public Private Partnership (PPP) model type is Build Operate and Transfer (BOT) after the period of 50 years with profit sharing ratio of 80% to 20% in favour of the Developer and the Delta State Government respectively.” He said.
The DIDA Chairman thanked the Honourable Commissioner, Ministry of Transport and the entire staff of the Ministry for their collaborative role and support during the implementation of the project.
He further thanked Ogbuefi Bernard Okeke, Chairman of Rehomes Property Development Company Limited for choosing to invest in Delta State where creating the enabling environment for businesses to thrive is the Government’s priority.
The Chairman of DIDA also commended the efforts of the Director General, Olorogun Lucky Oghene-Omoru and the entire staff of the Agency towards ensuring that DIDA’s set goals are achieved.
It would be recalled that His Excellency Sen. Dr. Ifeanyi Okowa as part of his programme for the inauguration of the incoming governor of the State inaugurated the Civil Service Commission Ultra Modern Complex and the Asaba Ultra Modern Mechanic Village both located in Asaba.