Lekki Port, the first deep sea port in Nigeria, is developed by CHEC through the BOOT model, and the construction work finished in October 2022. The concession period is 45 years (with the three years’ construction included). The shareholders of the port are: CHEC, Tolaram, the Lagos State Government, and Nigerian Ports Authority (NPA). The Lekki Freeport Terminal, a joint venture enterprise owned by CHEC and CMA-CGM, is the container operator for the Port.

Phase One of the multipurpose port, with an overall investment of $1.044 billion, have developed two container berths, a 680-meter quay, and 16.5-meter deep channel. It is also equipped with seven ship-to-shore cranes and 21 RTG cranes; the port yard covers 20 hectares, and it can accommodate 55,000 TEU. The port will be sufficient to handle 18,000 TEU vessels, and it has a total capacity of 1.2 million TEUs annually. Lekki Port began commercial operations in April.

Source: Premium Times