IBENO AKWA-IBOM NIGERIA AN OVERVIEW PRESENTATION

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1 IBENO AKWA-IBOM NIGERIA AN OVERVIEW PRESENTATION June, 2015

2 IBENO AKWA-IBOM NIGERIA Port Notel Ltd 2

3 COMPANY BRIEF HISTORY: Port Notel Limited is a private enterprise that was incorporated in December 2009, with CAC, RC856659, with the sole aim of carrying out the development and subsequent management of the Port Notel Ocean Terminal, in Ibeno LGA of Akwa Ibom State. A Five man board and a strong professional management team headed by Mr Victor B. Akpanika, is technically supported by external foreign port consultants based in USA, and Netherlands respectively. The vision is to be Africa s premier regional hub delivering efficient, effective, safe and secure services to the maritime community, with the mission to unlock Nigeria s maritime domain value through a public-private-partnership arrangement. CORPORATE ADDRESS: No. 9/11 Bishop Dimieri Street, GRA-Phase 2, Port Harcourt Rivers State. Nigeria Address: info@portnotel.com Web Site: KEY CONTACTS: 1. Rev. Engr. Ette. I. Etteh Board Chairman 2. Mr Victor B. Akpanika - Managing Director/CEO 3. Barrister Ben Ajoku- Company Secretary 4. Mr Bernie Groseclose - Technical Adviser 5. Barr. Mrs Nkaepe Lisk-Crew - London office Representative Port Notel Ltd 3

4 Port Notel Ltd 4

5 INTRODUCTION: Port Notel Ocean Terminal is envisioned as a multipurpose offshore industrial port facility, offering latest state-of-the-art Technology and equipment in port operations. The Port facilities will include shipbuilding, a ship-repairs and maintenance, Scrap yard, Marine Fuel Bunkering terminal, LNG Terminal, a Cruise terminal, Offshore Logistics Platform, as well as container and commodity terminals offering deep-sea access to mega-ships. There are also plans for a security operational base, known as Joint Operational Command Centre, (JOCC) and a 2 Kilometres runway airstrip. The seaport will be a strategic vital facility to the economy of West and Central Africa as well as a national security asset to Nigeria. A central tenet of the project is to develop a port facility on an artificial island off the coast of Ibeno local government area in Akwa-Ibom State in southern Nigeria. The island will host port infrastructure for various maritime markets. Port Notel Ltd 5

6 CONCEPTUAL IMAGE OF ARTIFICIAL ISLAND CONNECTED BY BRIDGE FROM ONSHORE Port Notel Ltd 6

7 GOVERNMENT PERMITS APPROVALS: The Company has carried out Market Investigation, and Port Engineering Master plan design, by its foreign Technical partners/consultants, Comprising of Port Consultants Rotterdam, CDR Consultants Engineering (Nig.) Ltd, Dynamar BV, as well as applied for official permit approval for the port development,made Technical presentation to Nigerian Ports Authority in November 2014, about to embark on global marketing of the project to Off- takers, Regulators and foreign investors. Port Notel Ltd 7

8 PORT NOTEL LIMITED BOARD CHAIRMAN Rev. (Engr.) Etteh I.I. Etteh is the Chairman of Port Notel Limited. He is a principal partner in the firm of Etteh Aro & Partners, a leading Nigerian owned and Nigerian operated engineering firm located in Ibadan since With more than 40 years of engineering experience, Rev. Etteh has successfully designed and executed contract management for over 87 projects for the federal government, and over 225 projects for State government, FCT and parastatals located throughout Nigeria. Port Notel Ltd 8

9 PNL BOARD MEMBER Engr. Mrs Mayen Adetiba, is Principal of Delkem Associates, a Consulting Engineering outfit and Chairman/Managing Director of Mayad Limited. She currently a Fellow and Past Vice President of the Nigerian Society of Engineers, along with being a Fellow of the Nigerian Institute of Management (NIM). Mrs. Adetiba is Chartered Secretary General of the Association of Professional Women Engineers of Nigeria (APWEN) and the 1 st Female Engineer to be elected into the executive committee of the Nigerian Society of Engineers, she is a serving member of several public quoted companies and organizations. Port Notel Ltd 9

10 PNL BOARD MEMBER Engr. Ukot Thomas Ukot is the Managing Director of Dortom Engineering Limited in Port Harcourt, where he is repsonsible for the design and supervision of reinforced concrete and steel structures. He has over 40 years engineering experience, that started as senior assistant technician with the department of Civil Engineering, Ahmadu Bello University (ABU) Zaria, then practicing Engineer, with the Kwara State, Water Board, where he joined Etteh-Aro & Partners, before starting his own Engineering firm-ultimate Engineers in Port Harcourt, from which he was appointed the Executive Director Projects, and a member Port Notel Ltd 10

11 PORT NOTEL LIMITED MD/CEO Victor Akpanika is the Managing Director for the Port Notel project. He brings almost 30 years of work experience in a variety of government and private industry endeavours. Backed by a foundation of education in business management, public service administration and economics, his career spans from teaching in the Nigerian public-school sector to serving as a board member for various private institutions and government parastatals. In federal government service he served as a Commercial Manager for the Nigeria Postal Service. He has held the position of Manager Corporate Affairs, Marketing and Business Development, for both a multinational logistics corporations and an indigenous engineering firm. He later became the Community Relations Advisor for the Shell Petroleum Development Corporation in Port Harcourt. Today, along with his position at Port Notel, he is the Managing Director for Toolspushers Nigeria Limited, an oil and gas engineering, construction and maintenance company. Mr Akpanika is a strong community advocate, actively participating in a number of social activities Port Notel Ltd furthering local interests. 11

12 PORT NOTEL LIMITED BOARD TECHNICAL ADVISER Bernie Groseclose : Principal at International Port & Maritime Consulting Former President & Chief Executive Officer South Carolina State Ports Authority Charleston, South Carolina, USA Served as Chairman of Association of Port Autorities, Vice President, International Asociation of Ports & Harbors, and one time on the maritime transportation advisory group to the USA Secretary of Transportation, as Port Notel Limited, in-house Technical Adviser, he is leading the overall Technical and Strategic plan of the port project. Port Notel Ltd 12

13 CONCEPTUAL IMAGE OF AIR STRIP AND VESSELS BERTHING BY TERMINAL Port Notel Ltd 13

14 PNL, MARKET SENSITIZATION AT MTG GLOBAL NETWORK CONFERENCE, SINGAPORE FEBRUARY, 2011 Port Notel Ltd 14

15 PNL, REPRESENTATIVES OF GDS LLC, FORMER TECHNICAL PARTNERS ON PROJECT REVIEW MEETING, WASHINGTON, DC, MAY, 2013 Port Notel Ltd 15

16 LAND SURVEYOR, PNL, FORMER AKWA IBOM STATE, DIRECTOR OF LANDS & URBAN DEVELOPMENT ON PROJECT SITE INSPECTION, JUNE, 2013 Port Notel Ltd 16

17 PORT NOTEL TECHNICAL REPORT PRESENTATION BY DUTCH CONSULTANTS TO NPA, MGT, LAGOS HEADQUARTERS, NOVEMBER 2014

18 CONCEPTUAL IMAGE OF VESSEL BERTHING TO LOAD & OFF LOAD CARGO FOR TRUCK CARRIAGE Port Notel Ltd 18

19 PORT NOTEL PROJECT KICK OFF MEETING WITH DUTCH CONSULTANTS, LONDON, JUNE 2014 Port Notel Ltd 19

20 Port Notel Ltd 20

21 PORT NOTEL PROJECT SITE INSPECTION VISIT BY FORMER CONSULTANT, AND REPRESENTATIVES OF NIGERIAN NAVY Port Notel Ltd 21

22 Port Notel Ltd 22

23 CONCEPTUAL IMAGE OF BRIDGE CONNECTION FROM ONSHORE TO ARTIFICIAL ISLAND Port Notel Ltd 23

24 PORT NOTEL BOARD MEETING, MEETING WITH FOREIGN CONSULTANTS, MEETING WITH REPRESENTATIVES OF NIGERIAN PORTS AUTHORITY, Port Notel Ltd 24

25 MEETING WITH REPRESENTATIVES OF ROYAL HASKONING GROUP, FORMER CONSULTANTS FOR PORT DESIGN/ MARKET STUDY IN LAGOS, JULY 2012 Port Notel Ltd 25

26 SUMMARY & CONCLUSION: Port Notel is a private initiative, for the development of an Ocean Terminal on an Artificial island, off the Atlantic Coast of Ibeno LGA in Akwa-Ibom State Nigeria, an innovative concept, that is very attractive to the international financial market and investors. The promoters have so far acquired over 275 Hectares parcel of Onshore waterfront property from the local community, as entry point to the proposed artificial island, carried out preliminary Survey with exact co-ordinates of the location, registered parcel of land with the Akwa Ibom Stae Government Lands Ministry, about to commence the process of obtaining C-of-O,. Commissioned and completed the Market Investigation Studies/preliminary Engineering Concept Design, by a consortium of Dutch Port consulting Companies based in Netherlands and submitted the Technical reports to Nigerian Ports Authority, for approval of the project. The next steps include commencement of Global Marketing and Public Private Partnership Negotiation, to distribute equity stake and interest in the already incorporated Special Purpose Vehicle, (PORT NOTEL OCEAN TERMINAL LIMITED) and preparation of bid documents for international bidding to select and appoint a Competent, qualified and Financially capable Engineering Construction Contractor to execute the project. Port Notel Ltd 26

27 Port Notel Ltd 27

28 IBENO AKWA-IBOM NIGERIA

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