The Government of Imo State through the Ministry of Transport has entered into talks with Macnath Investment to launch an automated metro transportation scheme in the State under Public Private Partnership (PPP).
The Commissioner for Transport, Barr. Rex Anunobi, who disclosed this after a meeting with the management of Macnath Investment on behalf of Nana Motors in his office, the scheme would be launched with an initial 130 brand new fleets of 46-Seater Leyland buses covering inter and intra city routes from Owerri capital city.
“The management of Ministry of Transport is glad to announce a successful business meeting entered with Nana Motors through a Development Partner, Macnath Investment, who proposes to boost our transport system with 500 brand new vehicles for the provision of commercial transportation services to the people of Imo State under Public Private Partnership with the Government of Imo State.
“By the time every arrangement is duly perfected, the scheme will be flagged off with an initial 130 brand new buses of 46-Seater Leyland model which will ultimately ensure efficient service delivery, increase the state revenue from the transport sector, create additional jobs as well as empower the citizens of the state,” the Commissioner stated.
Barr. Anunobi who reiterated the commitment of the Ministry of Transport under his watch to translate the vision of Gov. Hope Uzodinma for the transport sector into a practical reality and visible achievements by partnering effectively with sincere Development Partners and stakeholders, said his Ministry will further study the proposal and make useful recommendations to the Governor to enable commencement of such modern transportation system which he also admitted is key to achieving a sanitized transport sector in the state.
He thanked the management of Nana Motors and Macnath Investment for making Imo their investment destination and assured them of the readiness of the Shared Prosperity government under Senator Hope Uzodinma to partner effectively with them to midwife the scheme in the State.
Earlier in his presentation, the Chairman and Chief Executive Officer of Nana Motors Ltd and Macnath Investment Ltd, Mr. Nathan Nwaiwu, said they have proposed an investment size of 500 brand new buses with an initial deployment of 130 buses.
According to him, “the investment will cover the cost of vehicles, Insurance, Tracking, Speed Limit and other ancillary cost”.
He added that the investment which worths billions of naira will stimulate the economy, generate revenue to the State and accord adequate goodwill to the Shared Prosperity government of Senator Hope Uzodinma. Those present during the meeting include the Permanent Secretary, Mrs Ngozi Izunobi, Directors and Head of Departments (HODs) in the Ministry, Nze Franklin Iwunze, SA Monitoring, Implementation and Enforcement, Hon. Steve Agbarakwe, SA Technical and Mr. Ebere Uzoukwa, SA Media/Special Projects to the Honourable Commissioner for Transport, Imo State.