The world’s largest container shipping company, MSC, has signed a 45-year concession agreement with Nigerdock to develop, operate, and maintain a new container terminal at Snake Island Port in Lagos, the Swiss-based company said.
The dedicated MSC terminal would be part of the company’s announced $1 billion investment in infrastructure and logistics in Nigeria, according to Reuters.
MSC said the terminal is to be built by ITB Nigeria and DEME Group, and expected to be ready by 2028.
It will occupy 30 hectares (74 acres) and feature a 910-metre (3,000 ft) quay capable of handling ship‑to‑shore cranes and mobile harbour cranes, serving both deep-sea vessels and barges.
Snake Island Port is an 85-hectare facility operated by Nigerdock, a maritime and logistics company, and comprises three terminals serving the Lagos port complex.
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