The Infrastructure Concession Regulatory Commission says the federal government will generate over N28 billion from the 20-year concession of the Central Workshop Ijora.
In a statement on Thursday, the Head of Media and Publicity, Manji Yarling, said the workshop was used for the maintenance of vehicles, sewage treatment plants, and water supply equipment during the colonial era.
According to her, the concession will adopt a Rehabilitate-Operate-Maintain-Transfer PPP model to upgrade the Central Workshop till its functions are realised.
She said the project, an unsolicited (Privately Initiated Infrastructure Proposals) by Beta Transport Nigeria Limited is domiciled under the Federal Ministry of Works.
Yarling said with the approval by FEC, the concessionaire will ensure that productive and professional work will be carried out in the workshop in line with standard guidelines and operating procedures via the provision of modern equipment.
The statement added, “The Central Workshop, Ijora, Lagos was an appendage of the defunct Public Works Department. The PWD was the agency of the Colonial Government responsible for building and maintaining government buildings and property, roads, rail tracks, bridges, harbours and aerodromes. During the colonial era, the Workshop was used for the maintenance of vehicles, sewage treatment plants, and water supply equipment.