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‘Terminal investment hits over $200 million’

BY UDEME CLEMENT
The Apapa Container Terminal currently under concession to global terminal operator, APM Terminals Apapa Limited, has been developed to become the largest container terminal in Africa with an investment outlay of over $200million.

R-L Managing Director, APM Terminals, Martin Dirks and the Board Chairman, former Head of Interim National Government, Chief Ernest Shonekan, at the terminal recently

The managing director and chief executive officer of APM Terminals, Mr.Martin Dirks, told Sunday Vanguard, that the terminal equipped with functional infrastructures, new cargo handling equipment, and modern electronic gating system, which allows efficiency in their business at the terminal on daily basis, and other facilities needed to fast track operations has the capacity to handle.

“The terminal has been fully developed to compete with any container terminal facility anywhere in world. The terminal has what it takes in terms of modern equipment, technical-how-know and human capital resources like what is obtainable in developed economies”, he said, adding, “in the last two years, concession has been successful in Nigeria because the image of the Port has been improved and congestion is gone.  So it is a great success.

Port concessioning would contribute greatly to economic growth and development in Nigeria . For instance, we have doubled the capacity since we took over.  we are working tirelessly to ensure that Apapa is not congested anymore. Aside from this, we are mapping our new strategies to handle the necessary capacity to growth the business and to get more containers into the country.  This involves investments not just in the terminal, but also in people to enhance capacity building required to propel growth in the industry.”.

Dirks pointed out poor electricity supply and the continuous occupation of the concessioned area by three different companies in the last four years. His words, “we spend about 5 million dollars a year on diesel to generate electricity.

This is not only a big problem for us but for everyone in the country. Territories occupied by others in our concessioned area are still occupied. This is a serious issue that is still pending and we are losing money. Old NPA equipment are also still taking up considerable space in the terminal.


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