Bayelsa State Government is to collaborate with Global Seaway International and Tianjin Energy Resources Limited to develop a deep sea port in the state.

Governor Seriake Dickson made the remark at a joint presentation on the sea port project by representatives of an indigenous company, Global Seaway International and their Chinese technical partners, Tianjin Energy Resources Limited, in Government House, Yenagoa.

The Governor said such investments would complement government’s efforts at industrialising and stimulating the economy of the state, noting that the sea port project would also provide job opportunities for the people.

According to him, the development of critical infrastructure, creation of wealth and capacity building were beyond the capacity of the state government and assured that government would provide an enabling environment for businesses to thrive in the state.

While assuring private firms of government’s preparedness to donate suitable land on the request of the companies, Governor Dickson said government would set up a technical team to fashion out the way forward with the investors.

He called on the investing public to take advantage of the virgin investment climate in the state with its abundant   opportunities.

In his presentation, chairman of Global Seaway International, King Frank Okurakpo explained that the proposed sea port project was estimated to gulp over 3 billion dollars and will be located at Agge in Ekeremor Local Government Area of the State.

King Okurakpo noted that the objective of the industrial park which is part of the project was to create an industrial base to support the industrialisation programme of government as well as reduce reliance on foreign facilities.

He stated that the sea port will also have such facilities as a 500 mega watt power plant, fabrication yard, jetty, outfield chemical plant and tank farm, dry docking yard, as well as a  cement and bagging plant.

Others include a steel pipe rolling mill, container terminal, fertilizer plant, supply vessels maintenance service yard, port authority, security and customs administration complex, port housing estate, schools, hospitals, shopping centers, parks and other facilities.

King Okurakpo disclosed that well over 100,000 workers are expected to be employed during the construction phase of the project while 1,200 workers would be absorbed, upon completion.

Also in his presentation, representative of Tianjin Energy Resources Limited, Mr. Peter Lin said his company will finance 85 % of the project while the remaining 15% funding is expected to be sourced locally.