Lekki Deep Seaport, Nigeria: Rail & Cargo Revolution Insights

Here’s a voiceover excerpt tailored for railway professionals:

“Lekki Deep Seaport, with its Lagos-Ibadan rail line integration, is reshaping Nigeria’s cargo landscape. Learn the secrets behind this $1.6 billion project.”

Lekki Deep Seaport, Nigeria: Rail & Cargo Revolution Insights
January 24, 2017 1:17 pm
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Introduction

In December 2023, the first phase of the Lekki Deep Seaport in Lagos, Nigeria, received its first commercial vessel, the ZHEN HUA 28. This marked a significant milestone for the port, which is expected to have a significant impact on trade and transportation in the region.

Lekki Deep Seaport Operations

The Lekki Deep Seaport, located in the Lagos Free Zone, is designed to handle a substantial volume of cargo. Phase 1 has a capacity of 1.2 million twenty-foot equivalent units (TEUs) annually. The port’s development is a collaborative effort, with China Harbour Engineering Company (CHEC) as the major shareholder and the Tolaram Group as the promoter. The port covers an area of 90 hectares.

Infrastructure and Equipment

The port is equipped with state-of-the-art infrastructure. This includes three container berths, a bulk berth, and a liquid berth. The quay length is 680 meters, and the port has a turning basin with a diameter of 600 meters. The depth alongside is 16.5 meters, allowing the port to accommodate large vessels. The port uses a range of modern equipment, including ship-to-shore cranes and rubber-tyred gantry cranes.

Economic Impact and Future Plans

The Lekki Deep Seaport is expected to generate significant economic benefits. It is projected to create approximately 170,000 jobs. The port will also facilitate trade, potentially contributing $361 billion to the Nigerian economy over the concession period. Future plans include the expansion of the port to increase its capacity.

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Last July 2018, we published an article about Southeast Asia’s first high-speed rail, the Jakarta-Bandung line. Click here to read – Jakarta-Bandung HSR: Southeast Asia’s Rail Revolution

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The development of the Lagos-Ibadan rail line is also expected to complement the port’s operations, improving cargo movement and efficiency.

Stakeholders and Investments

The Lekki Deep Seaport project has involved significant investment. CHEC holds a majority stake in the port. The Tolaram Group is the promoter of the project. Other stakeholders include the Lagos State Government and the Nigerian Ports Authority. The total investment in the project is estimated to be $1.6 billion.

Conclusion

The Lekki Deep Seaport has begun commercial operations with the arrival of its first vessel in December 2023. The port has a capacity of 1.2 million TEUs per year and is a collaborative project between CHEC and the Tolaram Group, with investments totaling $1.6 billion. The port is anticipated to generate substantial economic benefits, including job creation and increased trade, while facilitating cargo movement along the Lagos-Ibadan rail line.

China Harbour Engineering Company (CHEC)

China Harbour Engineering Company (CHEC) is a major shareholder in the Lekki Deep Seaport project.

Tolaram Group

The Tolaram Group is the promoter of the Lekki Deep Seaport.

Lagos State Government

The Lagos State Government is a stakeholder in the Lekki Deep Seaport project.

Nigerian Ports Authority

The Nigerian Ports Authority is a stakeholder in the Lekki Deep Seaport project.

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