Singapore Business Federation (SBF) has entered into a Memorandum of Understanding (MoU) with Pacific International Lines (PIL) and Hull Blyth UK to develop the US$15m terminal which will be connected by rail to the Apapa port container terminal.
Approval has apparently been granted by Nigeria’s Ministry of Transport for the bonded terminal and the railway line which will be operated by Nigerian Railways Corporation. The line will connect with the existing rail line between Apapa and Ondo State.
Hull Blyth’s James Baldwin is quoted as saying that the purpose of the new terminal, to be known as Stellar Container Terminal, is to help decongest the port terminal in Apapa. “This is out of the box thinking, to have a bonded terminal outside the city of Lagos, where most of the inland depots are within the city,” he said.
The report says the project has the approval of Nigeria’s Customs and its Ministry of Transport.