Port Operations: APM Terminals Invests $438m In Nigeria

APM Terminals says it is the highest investor in Nigerian Ports with investment so far worth $438m (about N180bn) on its facility in Apapa since the concession of the terminal in 2006.

In a statement, the Terminal Manager, APM Terminals Apapa, Steen Knudsen, said the amount, which is the highest by any port terminal operator in the nation was spent on acquisition of modern cargo handling equipment, upgrade of facility, and support of seamless services.

“Since inception, we have invested around $438m purely into the handling equipment we have in the terminal. We have acquired mobile harbour cranes, rubber tyred gantry cranes, reach stackers, forklifts, terminal trucks, empty handlers and invested into yard improvements.” The statement read.

“An equally important investment is the investment into our workforce, ensuring that we continuously develop our staff. This covers trainings, career progression and, of course, expanding the business and creating new jobs.” Knudsen added.

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