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Posted to the web recently In what could best be described as a major milestone in Public Private Partnership, Delta State Government has made a contractual commitment with Arco Petrochemical Engineering Company Limited, an oil and gas equipment manufacturing company.
In what could best be described as a major milestone in Public Private Partnership, Delta State Government has made a contractual commitment with Arco Petrochemical Engineering Company Limited, an oil and gas equipment manufacturing company. Giving an insight into the Memorandum of Understanding, Uduaghan declared that Warri has around it a lot of oil activities but regretted that many of the equipment needed in the oil industries are manufactured outside this country and as such, imported and cleared outside the state. "Some of these things can be manufactured within this country and in fact, some of the things can be manufactured within the Warri axis. "That is why we have welcomed a proposal from Arco Petrochemical. The MoU that we signed, consist of a big expanse of land where we can create a Warri Industrial Park. In that industrial park between the state government and Arco Petrochemical, we shall put up a lot of infrastructures such as power, roads, security and all infrastructure that would support industrialization and all the industries need to do is to access the land and put up their industries. The resultant effect is that what they are manufacturing-the goods-are taken up by the oil industries for their services; people have work to do. Of course, other facilities will naturally follow this process of urbanization which we have already started in Warri and Asaba," Governor Uduaghan stated, adding that companies that will come to invest in the state will have adequate security." Responding, Alfred Okoigun, MD Arco Petrochemical Engineering Company Limited noted that the MoU is to partner with the Delta State Government and come up with Warri Industrial Business Park. "Warri Industrial Business Park is a concept we thought about and felt that it fit into the Delta State three point agenda which is peace and security, infrastructure development and human capital development ." |