Thursday, March 28Inside Business Africa
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Tag: NUATE

$500m Chinese debt sparks confusion in airport concession

$500m Chinese debt sparks confusion in airport concession

Aviation
• FAAN former MDs, directors warn of hidden takeover • Reps set up sub-committee Federal Government’s plan to concession airports has run into difficulties over an existing debt and pact with China to build four new terminals at the cost of $500 million. The “concession within concession”, according to the coalition of aviation workers’ unions, is untidy and not in the best interest of the country. Hence, this among other concerns regarding the airport concessioning should first be resolved. A group of former Managing Directors and Directors of Federal Airports Authority of Nigeria (FAAN) warned against a Mezzanine Clause in all Chinese sponsored projects, adding that any contravention of agreement with China on the $500m loan for the construction of the new terminal building...
Aviation workers vow to resist airport concession

Aviation workers vow to resist airport concession

Aviation
Aviation workers yesterday rejected the planned concession of the big four airports in Lagos, Abuja, Port Harcourt and Kano, describing the processes as faulty and unilateral decision of the Minister of Aviation, Hadi Sirika. The workers, under the coalition of the National Union of Air Transport Employees (NUATE), Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) and Association of Nigerians Aviation Professionals (ANAP), vowed not to cooperate with the concession programme. The Federal Government has in the last five years been working on a plan to concession the 22 airports nationwide, beginning with the big four, to ensure that they run efficiently and profitably. Just recently, the Infrastructural Concession Regulatory Commission (ICRC) issued the Certifica...