CMA CGM Group, LPLE Sign Lekki Port Deal
The CMA CGM Group and Lekki Port LFTZ Enterprise (LPLE), the promoters of Lekki Deep Sea Port, have signed a Memorandum of Agreement to operate Lekki Port’s future container terminal.
Located in Nigeria, Africa’s largest economy, the future Lekki Deep Sea Port will be developed, built and operated by LPLE, a joint venture enterprise led by the Tolaram Group, the Lagos State Government and the Nigerian Ports Authority.
“As the container terminal operator, CMA CGM, through its subsidiary CMA Terminals, will be responsible for marketing, operations and maintenance of the container terminal at Lekki Deep Sea Port,” the CMA CGM Group said in their release.
Speaking about this development project, Navin Nahata, Chief Executive Officer of Lekki Port LFTZ Enterprise, described the signing of the agreement with the CMA CGM Group as another step in the right direction towards the actualization of the port, which would become the deepest port in Sub-Saharan Africa.
“We are excited about this development because CMA Terminals is a world class port operator and can be relied upon to provide international port standard delivery services at par with most modern ports around the world to the Nigerian port customers,” Nahata said.
Upon completion in 2020, Lekki Port will have two container berths, the container terminal will be equipped with a 1,200-meter-long quay as well as 13 quay cranes and will have a capacity of 2.5 million TEUs (Twenty-foot Equivalent Units).
With its 16 meter depth, it will allow the Group to deploy ships with a capacity of up to 14,000 TEUs.
The Federal Government of Nigeria pledged its total support to the Lekki Port project during the official flag-off ceremony (March 29) by President Muhammadu Buhari who was represented by Vice President, Professor Yemi Osinbajo.