CMA CGM has
entered into a memorandum of understanding with Lekki Port LFTZ Enterprise to
manage the proposed 2.5 million TEU capacity container terminal at Lekki
port in Lagos.
This development comes after
Philippine port developer International Container Terminal Services
(ICTSI) halted an agreement to develop and operate the container
terminal in May 2017.
ICTSI backed out of its US$225
million investments in a public private partnership (PPP) between
the Nigerian
Ports Authority, Lagos state government and Tolaram Group.
Under the new agreement, the French
carrier's subsidiary, CMA Terminals, would be responsible
for marketing, operations and maintenance of the container terminal which is
expected to comprise two container berths, a 1,200-metre -long quay and 13 quay
cranes upon completion in 2020, reported New Telegraph, Lagos.
According to CMA CGM executive officer Farid
Salem, larger container ships from Europe and Asia would berth at the
port to better serve customers in the entire region. With its 16-metre depth,
it will allow the group to deploy ships with a capacity of up to 14,000
TEU.
The container terminal will also
enable the group to develop its presence into West Africa's consumer market and
will serve as a transshipment hub, especially to neighbouring countries like
Togo and Benin.
Source : HKSG.
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