Nigerian Ports Authority - Port Investment Opportunities in the Port sector
Port Infrastructure Developments
The Port reforms threw open investment opportunities which so far is reflected in the successful concession programs. The Build Operate and Transfer (BOT) initiative has resulted in the development and subsequent commissioning of an ultra modern RoRo berth (berth 11) at Tin Can Island Port in Lagos with a quay length of 270 metres, also the construction of berth 12 in the same terminal is near completion. The terminal which was constructed at a cost of about US$64,000,000.00 is fully automated and equipped with facilities of international standards.
Also opportunities have been taken up in Onne Port area where developments in Port infrastructure have been achieved through amortization.
As a corollary to the concession program, NPA entered into joint venture agreements with a consortium of channel management companies for the dredging and maintenance of our channels particularly in order to take care of the draught requirement of the oil and gas tankers as well as other big vessels calling at the ports.
Consequently, joint venture contracts were entered into with, Bonny Channel Management Companies and Lagos Channel Management companies. To handle liquid and solid ship waste collection, processing and disposal, African Circle Ltd has been contracted.