The Federal Executive Council (FEC) has approved the establishment of a Maintenance Repair and Overhaul (MRO) center for the aviation industry, the first in West and Central Africa to serve as a one-stop-shop for the overhaul, routine maintenance, and service of aircraft.
In a statement by the Infrastructure Concession Regulatory Commission (ICRC) in Abuja, it would be done through a Public Private Partnership (PPP) with Messrs. AJW Consortium as the concessionaire using the Build, Operate, and Transfer (BOT) PPP model.
They noted that the Centre is approved for a concession period of 30 years and is expected to generate about 185 million dollars within the period.
