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    Israel and Iran agree on ceasefire – Trump

    Israel and Iran agree on ceasefire – Trump

    Breaking: Iran launches missiles at US bases in the Middle East

    Breaking: Iran launches missiles at US bases in the Middle East

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    France launches mandatory online visa appointments for travelers

    Federal Government declares June 6 and 9 public holidays

    Federal Government declares June 6 and 9 public holidays

    • Nigeria
    • Africa
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    • All
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    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

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    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

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    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

    Air Sierra Leone commences flight operations to Lagos

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    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

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    MTN Nigeria to pay over N200 billion final dividend for 2022

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FG to invest US$1.1 billion on rehabilitation of port infrastructures

Tuesday, 28 November 2023, 7:17 pm
in News, Nigeria
0
FG to invest US$1.1 billion on rehabilitation of port infrastructures
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The Federal Government of Nigeria will be investing US$1.1 billion to fully rehabilitate decaying port infrastructure at several ports across the country.

Also read; Federal Executive Council approves ₦3.23bn scanners for five airports

The investment which will be made through Nigerian Ports Authority (NPA) is to improve the efficiency at the ports.

In a post on its X (formerly Twitter) page, Nigerian Ports stated that the investment will be at TinCan, Apapa, Rivers, Delta, Calabar and Onne ports.

“Due to the decaying quay walls, the Terminal Operators are unable to deploy modern cargo handling equipment such as ship-to-shore cranes. This often results in high turn around times of vessels,” – Nigerian Ports.

The rehabilitation will include;

  • Tin-Can Island Port Complex (TCIPC) Reconstruction of 2,563m Quay Wall & Pavement including other works.
  • Lagos Port Complex (Apapa Quays) Reconstruction of 2,020m Quay wall to replace the old gravity wall (Berths 4-14).
  • Warri, Delta State Rehabilitation of collapsed 8.6 km Escravos Breakwaters.
  • FLT 2, Onne Port Reconstruction of 200m Quay Wall. — Warri Old Port (Terminal C) Reconstruction of 80m sheet pile wall structure.
  • Warri Old Port (Terminal A) Reconstruction of 280m quay structure.
  • Calabar Dockyard Rehabilitation of the Calabar Dockyard.
  • Mciver Jetty, Calabar Port Jetty reconstruction.
  • Millero Jetty, Calabar Port Jetty Reconstruction.

Nigerian Ports added that once this is completed, the existing ports will be operational at full capacity. With the improved efficiency, there will be a reduction in TAT of vessels and cargo dwell times.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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