’Femi AsuThe Federal Government has commenced a feasibility study for the construction of a shipyard in Brass Island, Bayelsa State, the Nigerian Content Development and Monitoring Board said on Saturday. The NCDMB, in a statement entitled ‘FG begins feasibility study for Brass shipyard project,’ said the shipyard would cater for the maintenance and repair services of cargo vessels, oil tankers, and Liquefied Natural Gas carriers. According to the statement, the feasibility study will be funded by the NCDMB as part of its overarching mandate to domicile key oil and gas industry infrastructure and increase retention of industry spend. He said the shipyard project would further develop and harness the nation’s position in the oil and gas value chain and linkage to other sectors of the economy. The statement further added that the project’s schedule indicates that the site work would be executed within six months and the feasibility study completed in four months.

Source: Punch August 09, 2020 00:11 UTC