He said that the completion of the project would invigorate Lagos economy and push it up in the index of largest economies in the world. Upon completion, Lekki Port will have a total of 3 container berths, 1 dry bulk berth and 3 liquid berths. Also speaking at the event, the Relationship Director, Mrs  Adesuwa Ladoja, said discussions were ongoing with the Federal Ministry of Transportation on the national rail project, adding that there was an interplay to find a holistic approach to avoid a repeat of the Apapa crisis. The signing of the four agreements was witnessed by the Oba of Lagos, Rilwan Akiolu, Consul General of Chinese Embassy in Lagos, Mr Chu Maoming, and representatives of key stakeholders in the project. ... Heukelom said upon completion, the Port … The management of Lekki Port of the Lagos Free Trade Zone has said it has achieved 50 percent completion of the breakwater, which is one of the largest and critical part of the port construction. The shareholding structure of the Port is as follows: Shareholders Percentage; International Consortium led by Lekki Port Investment Holding Inc. CHINA HARBOUR ENGINEERING COMPANY LTD. (CHEC) TOLARAM GROUP . ”We expect the outcome would catalyse Lagos’ fifth largest economy and take it up more in the index of largest economies in years to come,” Sanwo-Olu said. “These issues will be solved in an optimal manner. The construction of the 680-metre long quay wall of the $1.5 billion (around N6 billion) Lekki Deep Seaport, currently under construction at the Lagos Free Trade Zone, Ibeju Lekki, has teed off. The future Lekki Port will have a water depth of 16.5 meters and two berths of 680 meters in length each. CDB Deputy General Manager, Mr Zhang Aijun, said the bank approved the loan facility, given the strategic importance of the project to Lagos’ economic growth. Babajide Sanwo-Olu, who signed on behalf of the state government, said that he $629 million financing facility would accelerate the completion of the Lekki Deep Seaport project, which started in 2011. Technical Feedback: whatsapp 08023469027 Dabiri said that the investors agreed with the terms and conditions laid down by the Nigeria Port Authority (NPA) and Lekki Worldwide Investment. He said that the Phase 1 of the project would be built with annual handling capacity of 1.2 million TEU, which would be increased to 2.5 million TEU upon the completion of the second phase. Hinting about the level of work done so far, he said the port’s breakwater was about 50 per cent complete. Other agreements signed by the CDB, CHEC and LPLEL include Completion Agreement, Sponsor Support Agreement and Tripartite Keep Well Agreement. Heukelom urged the Federal Government to develop infrastructural facilities, while also organising the traffic into Lekki axis to avoid a repeat of the Apapa port. Aswani said that the completion of the deep seaport would change narrative of foreign partnerships with the government of Nigeria. Yichong said that it was the first deep seaport that would ease pressure on Tin-Can Island and Apapa ports. The Lagos State Government on Wednesday signed a $629 million facility with China Development Bank (CDB) for the completion of Lekki Deep Seaport Project. Commercial operations are expected to commence at the Lekki Port by 2022, the Technical Director, Lekki Port Enterprises Limited, Steven Heukelom, has said. Upon completion Lekki Deep Sea Port will be sub-Saharan Africa’s deepest port and Nigeria’s first deep sea port with a total of 3 container berths, 1 dry bulk berth and 3 liquid berths which are key in bridging the current capacity deficit of the port. It will also have the capacity to berth fifth generation container ships, which has a capacity of 18,000 TEU ship. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH. Already, we have seen big multinationals investing in the zone,” she said. Threatens To Sanction Medical Personnel, Okowa To Leaders: It’s Time To Right The Wrongs, End Protests, NOA Urges #EndSARS Campaigners, #EndSARS: Scores Escape Death As Hoodlums Raze NPA Headquarters In Lagos, #EndSARS: WANEP Expresses Concerns Over Killings, Destruction Of Properties. It will have enough room to accommodate container ships of up to 18,000 TEU. Aijun said that the bank considered the investment as basis for expanding its business in Nigeria and contributing to the development of the nation. ”It will reposition Nigeria as the transshipment hub in sub-Saharan Africa upon the conclusion of the second phase. Do NOT follow this link or you will be banned from the site. 52.50. CHEC Chairman, Mr Lin Yichong, said that the Chinese engineering firm decided to invest in the deep seaport to enable Nigeria to strengthen its maritime infrastructure and business. ”This is a new beginning for us in Lagos. A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc. The governor said that in the coming weeks, more trade agreements would be signed with foreign investors. Slated for completion in 2020, the Project is the single largest private investment in infrastructure in Nigeria being developed on non-recourse project finance basis with majority of financing being raised internationally. This combination of factors include poor infrastructure, inefficiency and corruption. It is expected to contribute more than USD 200 billion to the The Lekki Port LFTZ Enterprise (LPLE), has commenced major construction works on the Lekki Deep Sea Port in Lagos State. He said the project which started three years ago, would berth its first commercial vessel in the early part of 2022. ”In the course of the construction of the project, it is expected that a huge number of employment opportunities would be generated for residents of Lagos.” he said. The Lekki Port is being built on 90 hectares of land at the centre of the Lagos Free Trade Zone, approximately 60 km east of Lagos and will be the first deep water port in the West African country. The loan was secured after China Harbour Engineering Company (CHEC), which owns majority shares in the project, signed a 45-year concessionary agreement with Lekki Port LFTZ Enterprise Limited (LPLTZ) to complete the Phase 1 of the deep seaport project.

Website Templates, The Lift Boy Ending, Mazda 2 Wiki, Nissan Leaf 2017 Price, Vegetarian Bunny Chow, Inter Vs Real Madrid History, Vw Id4 Specs, Terry Whitaker Wife Of Bill Whitaker, Bmw X7 M50i Black, 2020 Kia Sorento Lx, What Happened To Florence Foster Jenkins Money, Senna Makki, 2021 Tahoe Price, Clarissa Sparknotes, Citroën Hybrid, Nfb The Fast Runner, Supercar Brands, Gulag Archipelago Volume 2, Physical Map Of Kenya, Infiniti Qx30 2017, Right Where It Belongs Tab, Geology Grad School Acceptance Rates, Adobe Dimension Add Shadow, Mclaren Mp4-12c For Sale, How To Deal With Trolls In Real Life, Scott Speedman Underworld: Awakening, Layton Greene Daughter, Laferrari Aperta For Sale, Dr Jekyll And Mr Hyde Movie 2019, The Polar Express Book Review, Gucci Mane Wife Net Worth 2020, Fabinho Fifa 20 Rating, Jeep Hybrid Compass, 2021 Audi Q5 Exterior Colors, Autodesk Sketchbook Lineart Brushes, Typography Designers Famous, The Milli Vanilli Dance, The Interpreter News, 2003 Acura Nsx For Sale, Tales Of Brave Ulysses Buffy, Lisa Wu House, The Little Prince Movie Online, How To Pronounce Maybe, 2015 Infiniti Q50 Specs, Lucky Meaning In Telugu, Dancing In The Dark Lyrics Meaning, A Cat In Paris Review, Adobe Sparky, Used Infiniti Qx30 For Sale Near Me, Alors On Danse Remix Hazell Clouds, Rita Braver Illness, Traffic Albums Ranked, Christine Quinn Height, Weight, Twilight Zone Episodes, Mvis Veneer Mortar, Abode Tracksuit Womens, Bmw I8 Body Kit For Sale, Tokyo Disneysea Review, Types Of Bricks Pdf, Randy Jones Height, Photoshop Then Lightroom, Matchless V-twin, Give Me The Tea Meaning, Cherie Johnson Husband, Bryce Elder Ft Linkedin, Stardust Trailer Bowie, Flash Gordon Comics, In The End Lyrics, Aarrr Model, Blues Brothers Chords, Vauxhall Ampera-e, Animal Crossing Meteor Shower Dates, Lightroom 2020 Lifetime, Across The Pacific Pan Am, Jeff Glor Salary, Legal Eagles Netflix, Baby Come Back Meme, Mavy Legaspi Age, Mit Grad School Gpa, List Of Stars In Andromeda, Adobe Illustrator For Interior Design, Ocho Apellidos Vascos Synopsis, Across The River And Into The Trees Pdf, Alienware Monitor,