Minister for Information, Lai Mohammed, who disclosed this yesterday at the end of the Federal Executive Council (FEC) meeting held in Abuja, said the project would be built by the private sector. The briefing was also attended by the Minister of Power, Works and Housing, Babatunde Fashola and Minister of Transport, Rotimi Amaechi. Mohammed said the approval for the greenfield port development in Badagry is the first step to approving the establishment of a new seaport in the country. The approval, he said, showed that Nigeria is still a very preferred investment destination in Africa despite the challenges it is facing. More at: http://shipsandports.com.ng/at-last-buhari-okays-apm-terminals-n793bn-badagry-mega-port-project/
The Europe Business Assembly (EBA), an international corporation for the evolution and implementation of economic and social development has awarded the Ghana Ports and Harbours Authority (GPHA) the best enterprise award for being a leader of the maritime transport industry in Africa.
At an impressive ceremony in London, the Director General of GPHA, Richard Anamoo was also honoured as the Manager of the Year, 2015 and as the honourable member of the International Club of Leaders with personal certificate from Thames Valley Chamber of Commerce.
The International Finance Corporation (IFC), which is the private sector arm of the World Bank has said it has granted a $73.5 million loan in a bid to assist with the development of a fertiliser export terminal at Port Harcourt in Niger Delta, Nigeria, according to The Daily Mail.
Eme Essien Lore, Country Manager for IFC in Nigeria, said: “IFC is committed to supporting investments in key infrastructure that will help facilitate the growth of Nigeria’s non-oil sector.” The new terminal is to cost $150 million in total and is a joint venture between Indorama Eleme Petrochemicals Limited and Oil and Industrial Services Limited. It was also reported that the Rand Merchant Bank is providing a $31.5 million loan in order to fund the terminal’s development.
While speaking against the background of the 10th anniversary of port concession, the former NPA helmsman said the port system was characterised by huge inefficiency, prompting government to invite private firms to bid for cargo handling operations.
“We entered port concession then because as you know, NPA had a cargo dwell time of three to four months.
“Ship waiting time, you cannot have less than six days. Turnaround time was something else because by the time the ship arrived, it was a problem problem of stalking where it could offload,” Suleiman told NPA’s in-house journal, Nigerian Ports Today, in an interview.
The dredging operations on the access channel to the Port of Maputo have received a major boost with the arrival of the Van Oord’s trailing suction hopper dredger (TSHD) HAM 310. The Jan De Nul’s TSHD De Lapérouse, which started the channel dredging work on May 21, is currently working 24/7 in this area to ensure a fast and efficient work. Several dredgers and supporting equipment have also been mobilized for this dredging scheme.
SENEGALESE investment agency Apix has selected Alstom as preferred supplier for a contract to provide rolling stock for the Dakar Express Regional Rail (TER) project.
U.S. and European companies such as General Electric Co., Alstom SA and LafargeHolcim Ltd. are poised to benefit, along with Chinese builders and African suppliers such as Transnet SOC Ltd. GE is investigating opportunities in countries including Kenya, Ethiopia and Nigeria and will have almost tripled its number of service personnel on the continent from 2015 to the end of this year.
APM Terminals (APMT) has announced that it will develop and operate the first automated transhipment terminal at the Tanger-Med 2 port complex in Tangier, Morocco, which will have an annual capacity of five million TEU and become operational in 2019.
Nigeria is gearing up for major expansion of its port capacity to cater for future growth, explains Richard Rowe.
Lagos, Nigeria’s principal port and capital city, has celebrated rapid increases in container traffic in recent years. In 2010, it handled 685,937 teu rising to a record 1.1m teu in 2014 and market studies indicate that the demand for container transport through the port will continue to grow by nearly 13% each year going forward.
Container handling will increase from one million to two million a year at the port of Mombasa once the standard gauge railway begins operations in June next year, says Transport Cabinet Secretary James Macharia.
Mr Macharia said Kenya’s gross domestic product (GDP) would also grow by 1.5 per cent annually, courtesy of the new line.
CMA CGM has announced an Ethiopian services upgrade due to new strategic calls added to its Mediterranean Express (MEX) and Red Sea Express (REX) services, as well as the development of its intermodal offering between Djibouti and Ethiopia.
PTI previously reported on CMA CGM’s new development strategy, which involves a new fleet and improved transit times to the West African coast from the regions of Europe, Asia, the Middle East and India.
The construction work on the second phase at the Kribi Deep sea port in Cameroon has been approved. The US$675.5m project aims at boosting the country’s ambitions Vision 2035 by unlocking the country’s mining potential, enhance trade with the neighbouring countries and create jobs opportunities.
The Takoradi Port is undergoing transforming as part of an expansion programme to meet modern requirements of services to become the preferred destination port in the West African sub-region.
The port is therefore expected to reclaim 53 hectares of land to create space to handle larger vessels and accommodate about 100,000 metric tons of cargo while increasing its revenue generation.
As a result of the slowing Chinese economy, global terminal operators are currently re-shifting their investment focus to Africa, a continent anticipated to grow with the European Union and the United Nations among those forecasting a 5% growth rate in 2016, according to the Journal of Commerce.
The Tema Port construction project in Ghana is expected to resume within the first half of 2016. Richard Anamoo, Director-General of the Ghana Ports and Harbours Authority (GPHA) has announced.
In his remarks, the other development projects which have already begun in the past, will be seen through to completion by the end of this year. However, the US$1.5bn project is intended to accommodate larger container vessels, increase container handling capacity and boost general productivity.
Expanding in Africa DP World has been granted a concession to develop and operate a new $35m logistics complex in Rwanda.
The terminal operator said the estimated cost of the project was $35m with further development in line with demand growth.
International Container Terminal Services Inc. (ICTSI’s) new terminal, located at Matadi on the Congo River, Democratic Republic of the Congo, is on schedule to open for business in August 2016. The new terminal will deliver purpose-designed container handling capacity coupled with modern general cargo handling and storage facilities.
Dec 26 Mali has signed an agreement with China Railway Construction Corp to renovate a rail line linking its capital Bamako to the border with neighbouring Senegal at a cost of $1.486 billion, the West African nation’s transport minister said on Saturday.
“Our ports in Africa have shown us how the region has enjoyed strong growth over the last 10 years, leading to rising incomes, falling poverty and a step toward economic diversification. However, all this has also placed an increasing strain on existing inland and marine infrastructure.
The West Africa rail loop, commonly known as Blueline, will connect Ivory Coast, Burkina Faso, Niger, Benin, Togo and Nigeria. The project was launched in 2013 and is expected to be completed in the next eight years at an estimated cost of between 2 billion euros ($2.21 billion) and 2.5 billion euros.
Bolloré Africa Logistics va en effet agrandir Freetown Terminal avec un nouveau quai de 270 m en eau profonde (- 13m), accompagné de nouveaux espaces de stockage de 3,5 hectares, ce qui portera la capacité totale du terminal à conteneurs à 750 000 Teu’s.
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Based along the Strait of Gibraltar, the port is critical connection point for around 160 ports in 60 countries worldwide, allowing easy access to North and South America, West Africa, the Middle East and beyond. Leading carriers Maersk Line and CMA CGM operate terminals at the port.
Watch at: https://www.youtube.com/watch?v=4M4no_lhYRc )