Construction of Africa’s largest port located in the Badagry area of Lagos has begun by a joint partnership between the integrated Logistics Services, (INTELS) and the Nigerian Ports Authority, NPA.
Excited about the project, INTELS management said that the Badagry port development project was on course, which upon completion, will be the largest port in Africa.
INTELS management adds that the project is a partnership between the (INTELS and NPA) in the public private sector. The company says its policy is to invest in concessioned terminals in line with what was issued in concession agreement by NPA and the Ministry of Transport in line with Federal Government strategy on infrastructure development.
The $2.6 billion Badagry Deep Sea Port Project is expected to be a major turning point that would go a long way to bring about global growth to Nigerian waters and by extension, the country’s economy, and also complement the emergence of Lagos as the 5th largest economy in Africa, as well as expected to generate 500,000 direct and indirect jobs.
Meanwhile, the Minister of transportation, Rotimi Amaechi, while briefing the Joint Senate and House of Representatives’ Committee on Land Transport on Monday in Abuja, said the Federal Government had signed a memorandum of understanding (MoU) with China Railway Construction Corporation in respect of the Warri-Ajaokuta-Obaro-Abuja central rail project on Public Private Partnership (PPP) arrangement.
Amaechi adds that the MoU also covers the construction and expansion of Warri Port and Harbour, construction of deep-sea port and construction of industrial park at Port Harcourt and Bonny Island.
Government, he reveals had also signed the contract for the construction of Calabar to Port Harcourt rail line with extension from Port Harcourt to Onne deep-sea port.