The Executive Secretary, Nigeria Shippers Council, Mr Hassan Bello said the new Ibadan Inland Dry Port project, on a 90 hectares of land expanse allocated by the Oyo state government, would cost $99,665,626.
He stated this during a visit to Governor Abiola Ajimobi in his office and an inspection of the rail line expected to be completed by the end of the year alongisde Minister of Transport, Rotimi Amaechi.
Bello added that the dry port will enhance the nation’s cargo handling capacity and help decongest our seaports.
In his response, Ajimobi highlighted the benefits of the inland dry port project to include economic growth, more job opportunities and improved standard of living of residents of the state.
“The rail project and in extension, the Ibadan Inland Dry Port, for which we are here to do an exchange of letters and documentation today will go a long way to improve the economy and propel personal growth of people and businesses in Our State.
“We are happy this is happening in our time, we are part of this history and we are grateful to God for this.
“On the fear of traffic gridlock, I assure you that Ibadan will only experience a gridlock of commerce, and economic growth and not that of thuggery and disharmony. We shall work with the incoming administration to ensure effective physical infrastructural inputs to avoid traffic congestion,” Ajimobi said.