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N250b Lekki port takes off Sept. 2016

By on April 6, 2013

Louis Berger Group leads project’s consortium

THE proposed Lekki port, to be located in the Lagos Free Trade Zone,may become operational in the third quarter of 2016,going by the work schedule of its promoters.

Already, the Lekki Port LFTZ Enterprise-promoters of the project-had contracted top consultants around the giobe to execute the scheme.

This update was made known by the Managing Director of Lekki Port LFTZ Enterprise, Haresh Aswani, Thursday, during the visit of the Lagos State Governor, Babatunde Raji Fashola, to ascertain the level of work at the site.

Aswani explained that the Lekki port, conceptualised as a multi-product industrial and logistics hub,would spread across 90 hectares of land and built at an estimated cost of $1.55 billion (N250 billion).

According to him, the deep-sea port, to be located 65 kilometres East of Lagos Mainland ,would become the gateway to West African region and one of the most efficient and modern maritime facilities that would cater for containerised, liquid and dry bulk cargo par international standards.

“In addition to bridging the capacity deficit, Lekki port will have significant positive macroeconomic impact,estimated at S361 billion over the entire concession period. It is expected to contribute more than S200 billion to the government revenue,while also creating close to 163,000 new jobs in the economy.

“Furthermore, Lekki port would spur the economic development around the Lekki sub-region and on a wider perspective, the whole of Lagos State through rapid industrialization”, he added.

He disclosed that his organisation has engaged the services of leading global consultants like The Louis Berger Group Inc., Delta Marine

Consultants, Berger ABAM and TBA Netherlands and the container terminal has been sub-concessioned to International Container Terminal Services,

Inc, Philippines, a leader in the container terminal operations with a footprint across the globe.

“The EPC construction contract has been issued on a turnkey basis to China Harbour Engineering Company, which mobilised their men and machinery in August 2012 and is already in the last lap of pre-construction investigations and site preparation activities.

“Lekki Port has been conceptualised on the basis of a significant gap in projected demand and capacity, needed to be met in conveying goods to and from Nigeria.

“The demand is attractively high and the available capacity will not be sufficient to meet this demand. The economic viability of Lekki Port is founded on this unmet demand,”he added.

According to some industry experts,the Lekki port, once operational, is expected to play a significant role in easing out the congestion at existing Nigerian Ports.

The strategic location, optimal layout and modern facilities provide the proposed port,a distinct competitive edge over any other port facility in the West African region.

“With Lagos State Government and Nigerian Ports Authority as shareholders in this project , their interest in the success of Lekki port and their confidence in the Public-Private Partnership model to bridge the gaps in the infrastructure domain, which is pivotal to overall growth of Nigerian economy,will ensure the overall success of the scheme,Vaswani added.

 

( Guardian )

One Comment

  1. olayiwola

    March 31, 2018 at 2:30 pm

    And ambode took buhari there for a recommissioning