Mediterranean Shipping Company has signed a 45-year concession agreement with Nigerdock to develop a container terminal within Snake Island Port (SIP) in Lagos as part of the group’s US$1 billion investment in Nigeria’s infrastructure and logistics sector.
The group announced recently that it had also finalised an engineering, procurement and construction contract with ITB Nigeria Ltd and DEME Group to develop the terminal.
The terminal is designed to have a 910-metre quay able to use ship-to-shore cranes and mobile harbour cranes serving both deep-sea vessels and barges.
The design also considers an initial dredging depth of 16.5m Chart Datum (CD), aligning with the existing depth of the navigation channel, and a 30-hectare yard with potential expansion areas designed for hybrid rubber-tyred gantries. The terminal design is also scalable allowing for a final depth of 18m CD to accommodate larger vessels.
MSC Group president Diego Aponte said the new terminal would open up opportunities, enhance efficiency, and elevate Snake Island Port as a major global shipping centre.
“Together with our group’s other long-term investments in Nigeria, it will generate many local jobs and significantly increase economic revenue and resilience,” said Aponte.
