Intels, NPA fast track construction activities at $2.6bn Badagry Deep Seaport
Construction of Africa’s largest deep sea port situated in the Badagry area of Lagos has officially started.
The project is a joint venture between the Integrated Logistics Services (INTELS) and the Nigerian Port Authority (NPA).
In a statement, Intels management said that the project is very much on schedule and once completed it will be Africa’s largest deep sea port.
It would be recalled that the core investor is the lead concessionire at the Onne Free Trade Zone, driving the development of the massive coastline to deepen oil and gas logistics operations.
The management made it clear that it is following the dictates of the concession agreement it signed with the NPA and the Ministry of transport in line with the federal government strategy on infrastructure development.
The Badagry deep sea port project will cost US$ 2.6bn and is expected to be a huge milestone that will go a long way to bring global growth to the Nigerian’s waters, the country’s economy and also complement the materialization of Lagos as the 5thlargest economy in the continent.
Delivery specifications show that the scheme will among other things generate about 500,000 direct and indirect employment opportunities.
