…The APM Terminals boss noted improvements at Onne Port, which has achieved reduction in turnaround time by 65%.
SAT, FEB 10 2024-theGBJournal|Global CEO of APM Terminals, Mr. Keith Svendsen, has expressed readiness of his firm to invest half a billion dollars in Apapa Port in Lagos.
The APM Terminals boss noted improvements at Onne Port, which has achieved reduction in turnaround time by 65%.
He assured support for the investment, highlighting plans to increase Apapa and Tincan ports’ drought level to attract larger vessels.
He welcomed specifics of the investment for further progress.
The Minister of Marine and Blue Economy, Adegboyega Oyetola who earlier had emphasized the government’s commitment to modernizing ports in Nigeria to compete with other ports in Africa, received Svendsen.
In a subsequent meeting with President Bola Tinubu, attended by Minister of Transportation Senator Saidu Alkali and Minister of Trade and Investment Dr. Doris Uzoka- Anite, ports modernization plans was discussed.
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