In line with Governor Caleb Manasseh Mutfwang's commitment to revitalizing legacy projects, the Plateau Investment and Property Development Company (PIPC) has entered a head-of-term agreement with Strom Infrastructure Investment and Management Limited to refurbish Hill Station Hotel Jos to a standard establishment with world-class management.
In a statement by the Director of Press and Public Affairs, Gyang Bere, the Governor personally supervised the process with the Managing Director of PIPC, Hon. Danlami Jelka, signing on behalf of the shareholders of Hill Station Hotel. This initiative aligns with the Governor's directive to breathe new life into dormant enterprises under PIPC's purview.
Hon. Jelka emphasized the importance of creating a conducive environment for private investors to rejuvenate inactive businesses for the benefit of the state's populace. The agreement entails the leasing, rehabilitation, and operation of Hill Station Hotel by the investor for an initial 20-year period, renewable by mutual consent.
The rehabilitation cost is estimated at N8.5 billion, as assessed by consultants engaged by PIPC. The project is expected to have a significant economic impact, including the direct employment of approximately 160 citizens, engagement of unskilled workers during the hotel's refurbishment, and an estimated boost of N8.6 billion to the state's income through the investment's multiplier effect. Additionally, it will generate indirect employment opportunities in service provision and supplies to the hotel.
The Managing Director of PIPC expressed gratitude to Governor Caleb Mutfwang for his support and dedication to fostering an investor-friendly environment in the state.
Responding, Kolapo Joseph, CEO of Strom Infrastructure Investment and Management Limited, thanked the Plateau State government for the opportunity to contribute and pledged the company's commitment to fulfilling its obligations with integrity.