Work on what is
billed as the
“largest port
in Africa”
is due to start in January
2015.
“All feasibility studies
which were required by the
Nigerian Ports Authority
have now been concluded
and the Port & Free
Zone is on track to begin
construction in Q1 2015,”
according to the Badagry
website.
Plans for the greenfield
port of Badagry situated
55km west of Lagos were
announced in 2012.
Construction was
initially due to start in
2014.
Badagry is billed as
the “most modern multipurpose
port on the African
continent,” and will be able
to handle containers, bulk,
liquid and general cargo,
as well as ro-ro vessels,
along seven kilometres of
quay wall with a thousand
hectares of dedicated
yard, according to APM
Terminals (APMT).
The company will be
developing the port and
adjacent free trade zone
together with Macquarie,
Terminal Investment
Limited (TIL), and
Nigerian companies Orlean
Invest and Oando.
APMT currently handles
46% of Lagos container
imports (with one million
TEUs projected for 2014),
according to a presentation
given to the Lagos Chamber
of Commerce in April 2014.
There is a growing need
for additional capacity.
Nigerian container
volumes are growing by
8-10% on an annual basis,
with the ports expected to
run out of capacity by 2017.
Lagos, with a population
of 10 million, is the secondfastest
growing city in
Africa, and the seventhfastest
in the world.
Plans for the adjoining
Badagry Free Trade Zone
include a power plant, oil
refinery, industrial park,
with warehousing and
Inland Container Depot
functions. The first phase
of the project is scheduled
to open in 2016.
CAPTION
Port of Lagos... ports are expected to run out of capacity by 2017.
