October 4, 2023

Maritime Today Online

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Chinese firm hands over completed $1.5bn Lekki port to promoters

Chinese firm hands over completed $1.5bn Lekki port to promoters

The $1.5billion Lekki Deep Seaport has been completed and handed over to its promoters, Tolarams Group by China Harbour Engineering LFTZ Enterprise (CHELE), the contractor that constructed the facility.

The construction of the port, which started on June 15, 2020 was completed on October 24, 2022, the contractor said.

Speaking at the completion ceremony at Lekki port in Lagos on Monday, Lagos State Governor, Mr. Babajide Sanwo-Olu promised to expand the roads leading to the port to six lane roads with a view to ensuring a seamless evacuation of cargo from the port.

Sanwo-Olu also said that with a projected 1.2million Twenty Equipment Unit, TEUs, the port will make Nigeria a hub in the entire sub-region.

He also called on community stakeholders within port axis to give all the necessary support as the port promises to generate over 200,000 jobs within communities around the port area.

Sanwo-Olu said, “We will stop at nothing to complete the roads leading to the port, all the shanties along the road will be cleared to give way for the expansion of the roads.

“With the port completed and a projected 1.2million TEUs, Lagos has become a maritime hub.”

Similarly, Chairman of the Board of port Mr. Abiodun Dabiri said that the port is poised to deliver on its promise to make Nigeria a hub in the Sub-region.

Dabiri also said that the Board was please to celebrate the completion of construction of the port and the effective handover of the facilities by Lekki Port from the Contractor, China Harbour Engineering LFTZ Enterprise (CHELE), a subsidiary of China Harbour Engineering Company.

According to Dabiri, “It has been a long journey of many steps. Starting from the time when Tolaram led by Pa Mohan Aswani sought to develop a deep sea port for the benefit of the Lagos Free Zone, and indeed all of Lagos State and Nigeria; to getting a concession from the Nigerian Ports Authority for a unique private public partnership port; getting a loan facility from China Development Bank to the infusion of equity capital in the sum of US$221m by China Harbour Engineering Company to the start of construction in the midst of an unprecedented global pandemic. It has indeed been a journey.”

Delivering the goodwill message on behalf of Tolaram Group, the Managing Director of Lagos Free Zone, Mr. Dinesh Rathi, expressed delight at the timely completion of the construction of the port.

He said the port would further position the Lagos Free Zone as the next frontier for investment in Nigeria and increase foreign direct investment to Lagos State and Nigeria.





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