The Federal Executive Council (FEC) last week, approved the redevelopment of the Nigeria Police’s Deputy Inspector General (DIG) Quarters in Maitama, Abuja under a Public Private Partnership Arrangement.
The project which is under the regulatory guidance of the Infrastructure Concession Regulatory Commission (ICRC), will adopt the Design-Finance-Build-Lease and Transfer PPP model, with Cosgrove Investment Limited as the Concessionaire.
According to the Full Business Case Certificate of Compliance (FBC) awarded to the Nigeria Police Force (NPF), the project has a concession period of 55 years, with the first five years set aside for redevelopment and leasing.
The DIG Quarters sits on a 38,500m2 land at Plot 834, Cadastral Zone A06, Gana Street, Maitama District, Abuja FCT.
The project is expected to generate a total N11,402,839,000 to the Nigeria Police and will revert to the Force at the end of the concession period. End.
Ag. Head, Media and Publicity
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