The Federal Executive Council, FEC, has approved the concession of the Kashimbila Integrated Cargo/Agro-Allied Airport in Taraba, under a Public Private Partnership arrangement.
A statement issued in Abuja on Friday by Acting Head, Media and Publicity, Infrastructure Concession Regulatory Commission, Ifeanyi Nwoko, said that the projects were approved under the regulatory guidance of the ICRC, noting that the project cuts across agriculture, water resources and aviation sectors.
The statement further revealed that the development featured the upgrade of an airstrip in Kashimbilla to a Cargo/Agro-Allied Airport, stressing that the concession would, among other things, boost agricultural productivity by enabling year-round irrigation farming and create employment opportunities.
It noted that the concession would also attract investment in agribusiness and stimulate local and national economies through trade and exports.
Part of the statement read; “The processes for this project were started and completed in six months, in fulfilment of the charge given to me by President Tinubu to accelerate PPP projects’ procurement.
“The Kashimbila project includes the concession of over 3,000 hectares of farmland for irrigation farming and the upgrade of the airport for agro-cargo services.
“It also includes the development of an aerotropolis and Free Trade Zone with business parks, logistics hubs and residential areas.”
