Nigerdock and MSC agree on long-term Snake Island terminal project
Nigerdock has entered into a major partnership with the Mediterranean Shipping Company (MSC) to develop a new container terminal at Snake Island Port in Lagos. The agreement spans 45 years and will see the creation of a 30-hectare exclusive terminal. The project aims to boost Nigeria’s maritime and logistics sector, bringing significant foreign investment and job opportunities. Kevin Johnson-Azuara, Maher Jarmakani, and Diego Aponte highlighted the importance of this deal for both companies and the Nigerian economy.
TLDR
- MSC signed a 45-year sub-concession agreement with Nigerdock for a container terminal at Snake Island Port, Lagos.
- The terminal will cover 30 hectares and is expected to be completed by 2028, featuring advanced infrastructure like a 910-meter quay and six ship-to-shore cranes.
- Maher Jarmakani described the partnership as a boost for Nigeria’s maritime industry and foreign direct investment.
- Diego Aponte emphasized that the terminal will enhance efficiency, create jobs, and increase economic revenue for Nigeria.
- MSC operates globally with 1,000 vessels and has a strong presence in Africa, supporting trade across 45 countries.
