A consortium led by APM Terminals has unveiled plans to build a new greenfield mega-port project and Free Trade Zone at Badagry in Lagos State, Nigeria.
Upon completion, the new deep-water full-service port will have 7km of quay and 1,000 hectares (2,470 acres) of dedicated yard that will include facilities for container, bulk, liquid bulk, ro/ro, general cargo, oil and gas operations and a barge terminal.
The partners of the consortium for the Badagry mega-port project include APM Terminals, Orlean Invest, the Macquarie Group, Oando, the Chagoury Group, and Terminal Investment Limited.
The first phase of the planned Badagry Free Trade Zone is scheduled to be opened in 2016; the development will include a power plant, oil refinery, industrial park, warehousing and an inland container depot.
APM Terminals Africa-Middle East regional CEO Peder Sondergaard said: "The Nigerian Ports Authority, Lagos State and the Nigerian federal Government have been supportive and positive."
APM said that the proposed Badagry Mega-Port project fits well with its strategy for infrastructure development in growing markets.
According to industry analysts, Nigerian container volumes, which totalled 1.4m teu in 2011, will outstrip existing port capacity by 2017.
About 85% of all Nigerian non-oil cargo currently passes through the Port of Lagos and over the next three decades, Nigerian annual container traffic is expected to increase to ten million teus.
Image: APM’s new greenfield mega-port will have 7km of quay and 1,000 hectares of dedicated yard. Credit: APM Terminals.