CMA CGM Group and Lekki Port LFTZ Enterprise (LPLE) have signed a Memorandum of Agreement to operate the future container terminal at the port, which is less than 40 km from Lagos.
The future Lekki Deep Sea Port will be developed, built and operated by LPLE, a joint venture enterprise led by the Tolaram Group, the Lagos State Government and the Nigerian Ports Authority.
As the container terminal operator, CMA CGM, through its subsidiary CMA Terminals, will be responsible for marketing, operations and maintenance of the container terminal at Lekki Deep Sea Port.
Last year, International Container Terminal Services, Inc. (ICTSI) terminated a sub-concession agreement to develop and operate the terminal by mutual consent owing to delays in executing the project.
Upon completion in 2020, Lekki port will have two container berths and will be the first deep sea port in Africa’s largest economy as well as the deepest port in sub-Saharan Africa.
Farid T. Salem, executive officer of the CMA CGM Group, said: “Thanks to its position and capacity, Lekki Port will allow us to bring to Nigeria larger container ships from Europe and Asia to better serve our customers and pursue our commitment to the development of the entire region.”
It is hoped that the facility will aid the reduction of congestion in the port of Lagos, serving as a transhipment hub to neighbouring countries such as Togo and Benin.
Upon completion, the container terminal will be equipped with a 1,200 m-long quay as well as 13 quay cranes and will have a capacity of 2.5 m teu.
With a depth of 16 m, the French carrier will be able to deploy ships with a capacity of up to 14,000 teu. Operations are planned to start end of 2020.