APM terminals to invest over $500 million to upgrade Nigerian port

APM Terminals, Nigeria’s largest logistics terminal operator, announced plans to put implicit $500 cardinal successful upgrading the country’s larboard facilities.

APM said this concern is abstracted from the $600 cardinal the institution has already spent connected equipment, including trucks, and instrumentality cranes, arsenic good arsenic precocious operational controls, integer interfaces, and worker grooming since 2006.

The Chief Executive Officer of APM Terminals, Keith Svendsen, said the caller concern aims to guarantee Nigerian ports tin grip aboriginal growth.

Svendsen disclosed that APMT is besides connected the verge of concluding a USD 115 cardinal upgrade task successful Onne Rivers State.

“Our 2 instrumentality terminals successful Lagos and Onne grip astir fractional of the containers going successful and retired of Nigeria, and our vessels transport adjacent to a third,” Svendsen stated successful a connection titled “Our Vision For Nigerian Ports and Growth.”Svendsen said

“APM Terminals person been operating successful Nigeria since 2006 and person invested much than USD 600 cardinal during this play successful equipment, including trucks and instrumentality cranes, arsenic good arsenic successful precocious operational controls, integer interfaces, and extended grooming of employees to supply customers with a afloat modern and harmless experience. We employment astir 2,500 radical straight (99% Nigerians) and indirectly make employment for astir 65,000, according to a caller socio-economic study.”

He stated that the caller concern is to guarantee the terminal has capable capableness and capabilities to work the south-eastern Nigerian marketplace and the maturation expected successful coming years.

Svendsen added that the Apapa larboard continues to supply Nigerian importers and exporters with unsocial entree to planetary markets via not lone roads but besides obstruction and waterways via barges.

Nigeria is an important marketplace successful Africa, helium stated, noting that APMT is arrogant of its cardinal relation successful facilitating containerised commercialized betwixt the state and the remainder of the world.

According to him, AP. Moller-Maersk has been contiguous successful Nigeria for much than 35 years and that it’s vessels person been serving the state fundamentally since independence.

“At APM Terminals, we judge powerfully successful the aboriginal prospects for the Nigerian economy, and the semipermanent opportunities that the existent economical reforms and invitation for planetary investments volition generate,” Svendsen said.

“At Onne, we are concluding a USD 115m upgrade task to guarantee the terminal has capable capableness and capabilities to work the south/eastern Nigeria marketplace and the maturation expected successful coming years, portion the Apapa larboard continues to connection a unsocial entree to Nigerian importers and exporters to planetary markets done not conscionable roads but besides obstruction and waterways, by means of barges.”