French investor Bollore Group has announced that it plans to invest around US$120 million in a container terminal in Sierra Leone, with the intention of boosting terminal capacity to 750,000 TEU by building a 270-metre quay and effectively doubling productivity at the terminal, according to IHS Maritime 360.
PTI previously covered Bollore’s investment activities, stating that the company was planning invest in Ghana’s Tema Port, which will make the port the largest in West Africa.
The Sierra Leone terminal is set to become a key location for transhipment between the Americas and Europe, as well as various ports along the West African Coast. The group has already invested around $37 million on rehabilitation work.
Bollore’s Africa logistics arm has also recently won a concession to operate a container terminal with shipping company CMA CGM, as part of a concession that will be in effect for 25 years.
West African ports are set to grow massively in the next few years, after more than $3 billion was invested by companies that include Bollore and APM Terminals.
APMT’s biggest investment to date has been poured into a terminal in Nigeria, where it intends to boost its portfolio of terminal operations.