APM Terminals (APMT) has announced a $115 million improvement project at its West Africa Container Terminal (WACT) in Onne, Nigeria.
The Vice President, represented by the Personal Assistant to the President on Subnational Infrastructure (Office of the Vice President), Musaddiq Mustapha, praised APMT for its significant investment in WACT.
He stated that the $115 million investment in the WACT project will improve port service delivery while also attracting additional vessels.
Vice President Shettima commented during the inauguration: “Nigeria is a country of significant opportunities. APMT’s investment in WACT is a clear sign of the company’s strong commitment to developing ports that are a lifeline to global trade.”
“Nigeria will continue collaborating with APMT in the long term to create an environment where businesses participating in global trade can thrive.”
The upgrade encompasses a wide-ranging transformation, including extensive yard expansion, state-of-the-art equipment acquisition, and a modern office complex.
This investment will also incorporate an innovative auto gate system and data centre slated to increase WACT’s operational efficiency.
During the inauguration, Olaf Gelhausen, Chief Operating Officer of APM Terminals, said: “This $115 million investment is a bold statement of our faith in Nigeria’s economic potential.
“As Africa’s largest economy and most populous nation, Nigeria stands on the brink of remarkable growth. We are proud to be catalysts in this journey, transforming WACT into a world-class facility that is lifting standards to drive trade and prosperity across West Africa.
“The transformative upgrade project at WACT embodies APMT’s vision of lifting standards in the industry. We’re enhancing capacity, redefining customer experience, and forging stronger partnerships with the Nigerian government to lift global trade.”
In April, Nigerian President, Bola Tinubu, announced a $600 million investment by A.P. Moller-Maersk (Maersk) to improve Nigeria’s port infrastructure and enable additional container shipping services in Nigerian ports.