Public-Private Partnerships (PPPs) have emerged over the last two decades as one of the sustainable ways to grow development, fuelled by insufficient investment, growing pressures on FGN government budgets and a general concern about service provision by state enterprises and agencies.
Nigeria established the Infrastructure Concession Regulatory Commission (ICRC) under the Infrastructure Concession Regulatory Commission Act of 2005 to regulate PPP Infrastructure Project activities of the Federal government and also aimed at addressing Nigeria’s Huge infrastructure deficit which reduces economic development.
PPP Infrastructure project: Our Work
Brickstone was retained to develop a comprehensive PPP Infrastructure Project Financing strategy to guide the future infrastructure development (Roads, Bridges, Schools, Electricity, Water, Sewage etc) for Durumi, Gwarinpa 1, Kado and Mubushi Districts in Abuja with total area covering over 15km sq. Estimated cost of infrastructure is currently put at N75 billion (USD $ 500 million) as at the time of project.
The Outline Business Case process includes consideration of market opportunities and related servicing requirements, analysis of environmental constraints, pro forma feasibility analysis, partnership opportunities, and the risks associated with investment in these districts. We also generated recommendations on a feasible and necessary set of capital infrastructure investments Durumi, Gwarinpa 1, Kado and Mubusi Districts in Abuja which would procured on a PPP basis