Liberian President on hand to officially open new 600-metre wharf at APM Terminals-owned facility
Crucial project completed nine months ahead of schedule
Liberian President Ellen Johnson-Sirleaf has praised the West African nation’s partnership with APM Terminals following the completion of the new 600-metre wharf at the Freeport of Monrovia.
At a ceremony to mark the landmark occasion, President Sirleaf, who was joined by prominent members of her administration and senior executives of APM Terminals, noted the hard work and determination of all parties involved in the project.
“It was a tight three-year deadline, and we are very proud to stand here with this milestone met ahead of schedule so that we can move seamlessly into the next stages of the port modernisation project,” stated APM Terminals Head of Project Implementation, Soren Jakobsen.
A three-year deadline for the completion of the new wharf was stipulated in the Monrovia concession agreement signed by APM Terminals in 2010, which represented the first 100%-owned port concession for APM Terminals in Africa.
APM Terminals will invest approximately US$120 million over the 25-year concession term in improvements, equipment and training. New infrastructure investments at the 42-acre site will include roadway reconstruction, yard paving, new offices and gates and cargo handling equipment.
In addition, the Hague-based company will also provide a further $25 million, beyond what is required in the concession agreement, in the upgrade of the Monrovia’s container yard, buildings, gates and safety activities.
APM Terminals’ African operations encompass nine facilities in eight nations, including the busiest container terminal in West Africa at APM Terminals Apapa, Nigeria, which handled 618,000 TEU in 2012. A proposal for a new deep-water facility at Badagry, Nigeria, with a one million TEU capacity is currently moving forward, according to APM Terminals.