President Bola Tinubu is to officially inaugurate the upgraded West Africa container terminal (WACT) in Rivers state on September 4.
WACT said in a statement on Monday that the terminal — located within the oil and gas free zone in Onne — has undergone a significant $115 million (approximately N178.2 billion) upgrade, which began in 2021.
The WACT is operated by APM Terminals and regarded as Nigeria’s largest and most efficient container terminal outside Lagos, according to statement.
Managing director of WACT, Jeethu Jose, said the completion of the upgrade marks a significant milestone in the history of Nigerian ports and that it will be a game-changer for Nigeria.
He said the fresh investment is a testament to the trust and confidence that the APM Terminals has in the Nigerian economy, contributing to their purpose of improving lives while boosting global trade.
“The WACT is Nigeria’s first greenfield container terminal to develop under a public-private partnership (PPP) model,” the statement said.
The terminal is said to have evolved into the premier gateway for accessing markets beyond the Lagos region and a vital conduit to the eastern Nigeria’s burgeoning economy.
“On August 15, 2020, WACT made history when it received the largest container vessel ever to berth at any Nigerian port.
“The vessel, Maersk Stadelhorn, measures 300 metres in length overall and 48.2 metres in beam, with a capacity to carry approximately 10,000 Twenty-Foot Equivalent Units (TEU) of containers,” the statement reads.
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President Bola Tinubu is to officially inaugurate the upgraded West Africa container terminal (WACT) in Rivers state on September 4.
WACT said in a statement on Monday that the terminal — located within the oil and gas free zone in Onne — has undergone a significant $115 million (approximately N178.2 billion) upgrade, which began in 2021.
The WACT is operated by APM Terminals and regarded as Nigeria’s largest and most efficient container terminal outside Lagos, according to statement.
Managing director of WACT, Jeethu Jose, said the completion of the upgrade marks a significant milestone in the history of Nigerian ports and that it will be a game-changer for Nigeria.
He said the fresh investment is a testament to the trust and confidence that the APM Terminals has in the Nigerian economy, contributing to their purpose of improving lives while boosting global trade.
“The WACT is Nigeria’s first greenfield container terminal to develop under a public-private partnership (PPP) model,” the statement said.
The terminal is said to have evolved into the premier gateway for accessing markets beyond the Lagos region and a vital conduit to the eastern Nigeria’s burgeoning economy.
“On August 15, 2020, WACT made history when it received the largest container vessel ever to berth at any Nigerian port.
“The vessel, Maersk Stadelhorn, measures 300 metres in length overall and 48.2 metres in beam, with a capacity to carry approximately 10,000 Twenty-Foot Equivalent Units (TEU) of containers,” the statement reads.
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