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DTSG signs MoU with Chinese firm on infrastructure development
The Delta State Government will partner with credible investors
to boost its infrastructural drive for the development of the state, according
to Governor Ifeanyi Okowa, who also assured that his government will explored
all avenues to ensure that investors with technical and financial capacity are
encouraged to invest in the state.
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| Governor Okowa and Mr. Qi |
The foregoing
was made known during the signing of a Memorandum of Understanding (MoU) on
infrastructural development with North China Construction Company in Asaba, last
Monday.
The MoU, which
was signed by Barr. Festus Agas, Secretary to the State Government and Olorogun
David Edevbie, Commissioner for Finance on behalf of the state government, and
Mr. Wu Guo Qi on behalf of the Chinese Company, was witnessed by Governor Okowa
and some members of the State Executive Council.
“We welcome
investors that show interest in the state and are ready to partner with us in
infrastructural development; we will partner with companies with the requisite
technical and financial capacity to deliver quality projects that will be
beneficial to Deltans,” Okowa said.
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| Okowa (middle) with government and Chinese firm officials |
He explained
that in the present economic downturn, private partnership was needed to
develop infrastructure, stressing that “the state government cannot do it alone,
so we welcome partnership that will yield good results and is beneficial to the
people within the stipulated period of the contract.”
Earlier, Mr.
Qi, Chairman, [African Division] North China Construction Company, Limited, said
the partnership was in furtherance of China’s policy of encouraging its big
companies to help in the infrastructural development of Nigeria.
Qi pointed out
that “the MoU is aimed at long term strategic partnership with the state to
develop key infrastructure and skill/technology acquisition including design,
sand filling and provision of infrastructure in the new city on the banks of
River Niger; design and construction of world class government offices; erosion
control and construction of drains; urban renewal and upgrading of
infrastructure, including roads, water, schools, hospitals, renewable energy,
waste to wealth”.
While
disclosing that the company has earmarked over 30 million dollars for
infrastructural development in Delta State, he explained that the partnership
would totally transform the infrastructure of the state in order to accelerate
the economic and social development of the state as well as wealth creation
through employment and skill acquisition
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