Lekki Deep Sea Port
, a multipurpose deep sea port in the heart of the Lagos Free Trade Zone, will be one of the most modern ports in West Africa and will greatly support commercial operations across Nigeria and the entire West African region.
Mr. Du Ruogan, the Chief Executive Director of Lekki port, said
the port has reached 85% completion. China Harbour Engineering Company and Tolaram Group jointly hold 75% of the project. The other shareholders are Lagos state government and the Nigerian Ports Authority.
The new port has more than four times the capacity that can be handled by existing ports in the country. The port's layout, including the location of the approach channel, turning circle and port basins, was developed as a result of optimization based on port operations, construction costs and possible future expansions.
The project has a development structure that is the first of its kind in Nigeria. It is the largest private investment in Nigeria's infrastructure on a non-recourse project financing basis, with most of the financing raised internationally.
Mr. Du Ruogan added that the second phase of port development will begin within the next seven years.