Transportation
APM Terminals Apapa Upgrades Operations With N33.6bn Investment in Cranes
Managing director of the Nigerian Ports Authority (NPA), Hadiza Bala-Usman, on Thursday, commissioned two new multimillion-dollar state-of-the-art Mobile Harbor Cranes (MHCs) acquired by APM Terminals to boost service delivery at the Apapa Port, Lagos.
The new cranes were acquired as part of APM Terminals’ additional investment of $80 million (N33.6 billion) for the year 2020-2021, bringing the total investment by the company in Apapa since 2006 to $438 million (about N184 billion), which is the highest by any private terminal operator in Nigeria.
While commending the management of APM Terminals for acquiring the new cranes, Bala-Usman said ports were concessioned by the Federal Government to private operators to improve service efficiency and free government resources for other developmental purposes.
According to her, cargo volumes at Nigerian ports have witnessed a steady rise due to favourable government policies.
Bala-Usman said NPA has and would continue to engage with private terminal operators at the port to rise up to the challenge of the increased cargo traffic. “NPA’s engagement with terminal operators is yielding tangible results as evidenced by the commissioning of the two new Mobile Harbor Cranes, among others.
As ports become more efficient, efforts must be made to enhance cargo delivery process and free the ports of longstanding cargoes,” she said.
