APMT, the global terminal network with 200 port and inland services operations in 58 countries around the globe, will invest over US$2 billion dollars in a new port in Nigeria, which will be the second largest port in Africa after Port Said.
This is the single largest investment made by the company, according to the Copenhagen Post.
David Skov, the Managing Director for APMT in Nigeria, said: “We are currently purchasing property from the state and will start construction later this year. The port is scheduled to be completed in 2019.
“Globally, it will be APM Terminal’s largest ever investment and marks a strategic shift to multi ports. It means we will supplement our own experience in container ports with the establishment of a free zone, an oil port and a bulk port, so in other words a complete port.”
Fact File: APMT is a major customer of Paterson Simons, specifically in Tema Port, Ghana where they recentlydecided to invest $1.5 billion with the establishment of a Greenfield port outside of the existing facility and upgrades to the adjacent road network.