Federal Executive Council - FEC Approved Contracts For February 01, 2012

FEDERAL EXECUTIVE COUNCIL (FEC) APPROVED CONTRACTS FOR FEBRUARY 01, 2012

1) Contract Item/ Service:  Award of Contract for the Supply of 35 Operational vehicles for the FCT Directorate of Road Traffic Services (DRTS)

Name of Company: Messrs. Elizade Nigeria Limited

Name of Company: Federal Capital Territory

Cost: N239,400,000.00

Date:01/02/12

Duration:4 Weeks

2) Contract Item/ Service: Award of Contract for the Strategic Concessioning Partnership with NIMASA to provide Platforms for tracking Ships and Cargoes, enforcement of Regulatory Compliance and Surveillance of the entire Nigerian Maritime Domain

Name of Company: Messrs. Global West Vessel Specialist Nigeria Limited (GWVSL)

Implementing Agency: Federal Ministry of Transport/Nigerian MaritimeAdministration and Safety Agency (NIMASA)

Cost: Initial Investment of the sum of USD103,400,000.00 inclusive of all taxes on a Contractor financed Supply, Operate and Transfer Concession

Date: 01/02/12

Duration:10 years and renewable for further two terms of 5 years and no more