Mercury Maritime Concession Company, the lead promoter of the $27.29bn Escravos Deep Seaport Industrial Complex Project in Warri, Delta State, said it has received approval and revalidation from the Delta State Government.
The developer added that in addition to the state government revalidation, it had received assurance from the Federal Government that the revalidation on the earlier provisional approval would soon be granted.
The Chairman of MMCC, Rear Admiral Okoja, disclosed this while addressing journalists in Apapa, Lagos on Wednesday.
Earlier, this month, It was reported that MMCC said the country may lose $27.29bn investment in the project by the end of June.
The company blamed the prolonged delay on both the Federal and Delta State Governments’ failure to give final approval for the project’s take-off.
The company stated then that EDIB International of Hong Kong had expressed willingness to invest in the project as the financial partner for the port project that would be located on 31,000 hectares of land in Escravos (Gbaramatu Island/Omadino) Warri South-West Local Government Area of Delta State.
However, giving an update on the project on Wednesday, Okoja stated that the firm had got the assurance that the revalidation from the government would soon come.
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