Tinubu to inaugurate $115m WACT Terminal upgrade project

 

President Bola Ahmed Tinubu will in the next 48 hours, officially commission the upgraded West Africa Container Terminal (WACT) in Onne, Rivers State.

 

 

WACT, operated by APM Terminals in Onne, Rivers State, is Nigeria’s largest and most efficient container terminal outside Lagos. An unprecedented USD115 million (approximately N178.2 billion) upgrade project commenced at WACT in 2021.

 

 

The Managing Director of WACT, Jeethu Jose, remarked that the completion of the upgrade marks a significant milestone in the history of Nigerian ports.

 

Jose said: “We are pleased to announce the successful completion of the upgrade of our terminal at Onne Port. This will be a game-changer for Nigeria, and we’re thoroughly excited about it.

“The fresh investment of USD115 million is a further testament to the trust and confidence that APM Terminals has in the Nigerian economy and contributes to our purpose of improving lives for all while lifting global trade.”

WACT is Nigeria’s first greenfield container terminal to develop under a Public-Private Partnership (PPP) model. Strategically situated within the Oil and Gas Free Zone, Onne, Rivers State, the terminal has evolved into the premier gateway for accessing markets beyond the Lagos region and a vital conduit to 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.

Several dignitaries, including Governors, Ministers, heads of government agencies such as the Nigerian Ports Authority, Nigeria Customs Service, Nigeria Immigration Service, Nigerian Shippers’ Council; Nigerian Maritime Administration and Safety Agency (NIMASA) and Oil and Gas Free Zones Authority (OGFZA), representatives of shipping companies, freight forwarding associations, importers and exporters, among others, are scheduled to attend the commissioning ceremony.

 

 

Visit website


Discover more from DnewsInfo

Subscribe to get the latest posts sent to your email.

Follow Us on Social Media

DNewsInfo is on WhatsApp!

CLICK HERE TO JOIN

Share News with us via Email: dnewsinformation@gmail.com

Join Our Social Media Channels:

WhatsApp: WhatsApp Group

Facebook: Dnewsinfo Facebook

Twitter: @dnewsinfo_com

Instagram: @dnewsinfong

Sponsored Content

Click the image above to explore more!

Back to Top

Discover more from DnewsInfo

Subscribe now to keep reading and get access to the full archive.

Continue reading