Home / Aviation News / FAAN says aviation aviation to contribute $5billion of NIIPM via PPP

FAAN says aviation aviation to contribute $5billion of NIIPM via PPP

FEDERAL Airports Authority of Nigeria (FAAN) has stated that the aviation sector is expected to inject about $5b (USD) out of the $3.10 Trillion (USD) required by the National Integrated Infrastructure Master Plan (NIIMP) over a period of 30 years through Public Private Partnerships  (PPP).

Managing Director of FAAN, Engr Saleh Dunoma made this known at the annual conference and exhibition of the Airport Council International (ACI) holding in Montreal.

Speaking at the session on Public Private Partnership, Eng Dunoma hinged his presentation with a quotation from President Muhammadu Buhari thus:

“We also have a huge infrastructure deficit for which we require foreign capital and expertise to supplement whatever resources we can marshal at home. In essence we seek Public Private Partnership in our quest for enhanced capital and expertise”.

Speaking further, Engr Dunoma said the appointment of Sen Hadi Sirika, himself an aviator as the Minister of State, Aviation has fast tracked the provision of the legislative framework and corresponding incentives to attract foreign direct investment.

“We invite Investors to join the PPP process for airport management and take advantage of the great and vast opportunities, “Feets” and Offerings in our airports”, he concluded.

Earlier at the opening ceremony, the Director General of ACI World, Angela Gittens said “ACI-NA works with our members’ everyday to seek common sense approaches to turn short-term challenges into long-term opportunities “.

She said this year’s conference – the largest “for airports, by airports” gathering in the world – perfectly highlights Airport Council International’s unique position as the Voice of Airports all around the world

James Cherry, President of Aeroports de Montreal expressed delight in playing host to airport leaders across the globe.

According to him, the Montreal – Trudeau air port is celebrating its 75th anniversary and will be glad to share the many changes made to lift its services to world-class levels and strengthen its role as a strategic transportation hub.

The Managing Director who was accompanied by Capt Henry Omeogu, Director of Airport Operations,  Kabiru Mohammed, Chief of Staff to the Managing Director also interacted with airport operators and foreign investors among others.

The Airport Council International (ACI) Annual Conference/World General Assembly in Montreal, Canada, ends on 28th September, 2016.

About NigerianFlightDeck

mm
Nigerianflightdeck is an online news and magazine platform reporting business stories with a bias for aviation and travel. It is borne out of the intention to inform, educate as well as alter perceptions with balanced reportage.

Check Also

FAAN, stakeholders meet; seek to end bird strikes menace at airports

MANAGING Director, Federal Airport Authority of Nigeria ( FAAN), Captain Rabiu Yadudu has said more …

Airlines continue to divert flights over visibility as NAMA says diversions are imperative for safety

ONCE again airlines are diverting flights to Accra, Ghana over low visibility issues as Nigerianflightdeck …

Aero MRO has capacity for Embraers, NGs but will gravity towards market- Capt Sanusi

CHIEF Executive Officer of Aero Contractors, Captain Ado Sanusi has said the Maintenance Repair Overhaul …

FAAN appeals to host communities to desist from bush burning

FEDERAL Airports Authority of Nigeria (FAAN) has advised communities and residents around airport facilities to …

AIB releases preliminary reports on Air Peace, Max Air serious incidents

ACCIDENTS Investigation Bureau, Nigeria (AIB-N) has released two preliminary reports on serious incidents involving aircraft …

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: