According to the transaction adviser to the Federal Government on the Bakassi Deep Seaport Project, the new seaport will become the second trade port in Nigeria, after the Apapa port.
Professor Ben Ayade said this during the presentation of the Outline Business Case on the deep seaport to the Cross River State Governor on Friday.
In a statement from the Cross River State Government, the Managing Director, Feedback Infrastructure Limited, Nnachi Onuoha, saod that the exercise of producing the OBC was quite demanding but the outcome was thorough.
In this regard, Onuoha said the Bakassi Deep Seaport will be the second trade port in the country because all other ports are oil terminals.
According to Onuoha, the first meeting rallied around a 12-meter port, then to 15-meter port in terms of draft but after the necessary studies including geophysical and technical studies, they realised that were left with no option but to have a transnational shipment by doing a 20 meter port.
A time line of 18 months was given for Bakassi Deep Seaport OBC to be ready and would be done by China Harbour.