Russian firm to invest N30 billion in Greater Port Harcourt auto centre
A multi-billion naira ultra-modern spare parts and automobile centre would soon be constructed in the Greater Port Harcourt City, Rivers State. This followed the Memorandum of Understanding (MoU) signed by the Greater Port Harcourt City Development Authority (GPHCDA) and Global lnterstroy Limited of Russia.
Speaking at the GPHCDA Corporate Office, the Board Chairman, Chief Ferdinand Alabraba, said the N30billion project located at lriebe along the Port Harcourt-Aba Expressway, would be a Private Public Partnership (PPP).
He said the infrastructure would have facilities as dedicated power supply, water and sewage treatment plants and Close Circuit Television (CCTV).Alabraba explained that the project, expected to be completed within 18 months, would include 8,000 shops, scrap crushing plant, police post, restaurant, clinic and car parking lots.
He added that on completion, the spare parts traders located at lkoku and Elekahia areas and others scattered within the Port Harcourt metropolis, would be relocated to the new market.
The Administrator of Greater Port Harcourt, Ambassador Desmond Akawor explained that the project was part of the campaign promises of the Rivers State Governor, Nyesom Ezenwo Wike.
He said when completed, the project would decongest the old Port Harcourt City and give the residents a breath of fresh air. Akawor added that the ultra-modern spare parts and automobile market would provide employment for the teeming youth and boost the economy of the state.