CDB to Invest $629M in the Construction Lekki Deep Seaport

Image source: Lagos State Government

China Development Bank (CDB) has signed a deal to invest $629 million to enable a consortium led by China Harbor Engineering Company (CHEC) to construct and run the first deep sea port in Nigeria.

Governor of Lagos State, Babajide Sanwo-Olu, on Wednesday witnessed the signing of the agreement with CDB that will accelerate the completion of the Lekki Deep Seaport project.

He described the development as “another milestone” for the State in infrastructural development and commerce, saying that the signing of the agreement ends period of uncertainty that had trailed the delivery of the project.

At the signing ceremony held in Lagos, Biodun Dabiri, chairman of Lekki Port said that upon completion the new port would become one of the deepest not only in Nigeria but also in sub-Saharan Africa.

According to CHEC, Lekki Deep Seaport phase 1 consists of two container berths with -16.5m water depth and total length of 680m.

The port’s annual handling capacity in phase 1 will be around 1.2 million TEUs, and after completion of phase 2, the capacity will reach up to 2.5 million TEUs.

 

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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