FLASH: Governor of Lagos State, Mr @jidesanwoolu received the approval of the #BadagryDeepSeaPort Project which was done by Federal Executive Council on the 3rd August 2022, at the Lagos Economic Summit, #Ehingbeti2022 yesterday at Eko Hotel & Suites.
#ForAGreaterLagos
The #BadagryDeepSeaPort $2.5 billion Port project with 2,470m quay length container terminal, 560m quay length break bulk terminal, 265m quay length wheat/grain terminal, 1,370m quay length RoRo terminal & 360m quay length OSB terminal is all to be designed with minimum 18m depth
The #BadagryDeepSeaPort is part of a Free Trade Zone (FTZ) area seated on approximately 1,104 hectares of land, the FTZ comprises of the Port Zone, Logistics Zone, Industrial Zone and a Power Hub.
The #BadagryDeepSeaPort Project is to be implemented under a Build-Own-Operate-Transfer (BOOT) concession structure, whereby the port will be operated by the private sector for 45 years after which it will revert to the government.
The investment for the development of the #BadagryDeepSeaPort project will be borne by the private sector, the project is in line with the government’s goal of making Nigeria the maritime hub for the West and Central African sub-region.
The #BadagryDeepSeaPort will provide an additional 250,000 jobs through the period increase government revenue, reduce congestion within Lagos’ ports of Apapa and Tin Can Island, Improve truck turnaround time and terminal productivity.
#Ehingbeti2022
#ForAGreaterLagos
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