LPLE – Lekki Deepwater Port – Lagos - Project Profile
"LPLE – Lekki Deepwater Port – Lagos - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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The Lekki Port LFTZ Enterprise (LPLE) owned by Tolaram Group is undertaking the construction of the Lekki Deepwater Port (Tolaram Port Lekki) project at the port area of Lagos Free Trade Zone in Lagos.
The project involves the construction of a deepwater port on 1,493ha of land, which will be implemented in two phases. The first phase will cover 218ha while the second phase will cover 1,275ha area.
The project includes the construction of a container terminal, a dry bulk terminal and a liquid bulk terminal with a coastline of 1.5km. The container terminal will have a handling capacity of 2.5M TEU with a quay length of 1,200m and an initial draft of 14m, with the potential for further dredging to 16.5m, upon completion.
It also includes the construction a breakwater with a total length of 2.2km, a 6km approach channel, 670m diameter turning circle, a multi-purpose terminal, three container vessels of 8,000TEU capacity, one 45,000DWT liquid bulk vessel, and a 75,000DWT dry bulk vessel. It also includes the construction of auxiliary facilities including berths for working vessels, yards, revetments, navigation aids, water supply and drainage and electric facilities.
The project will be implemented through public-private partnership (PPP) arrangement.
Global Environmental Technology has been appointed to undertake environmental impact assessment studies and hydrodynamic studies; Delta Marine Consultants for engineering design and drawings for marine infrastructure; and Berger Abam for engineering design of landside infrastructure.
Louis Berger has been appointed as project manager; BMT Asia Pacific as technical advisers; and Watson, Farley & Williams as legal adviser.
In March 2012, the company signed a memorandum of understanding (MoU) with International Container Terminal Service, Inc. (ICTSI) for the operation of the container terminal.
In May 2012, ICTSI appointed China Harbour Engineering LFTZ Enterprise (CHELE), a subsidiary of China Harbour Engineering Company as EPC contractor with $1500 million contract value.
In December 2013, the Federal Executive Council approved the project and issuance of guarantee for compensation, to be paid by the Nigeria Ports Authority (NPA) in the case of expropriation, breach of contract, civil disturbance and war.
Early works of the project, which includes both offshore and onshore soil investigations as well as hydro-graphical survey, have been completed.
In September 2014, LPLE secured US$150 million loans from the Africa Development Bank (AfDB) and US$198 million loans from the European Investment Bank to execute the project.
In November 2014, environmental impact assessment works were conducted and accepted by the lenders.
On March 30, 2015, the project secured US$118 million funding from the Nigerian Government.
In May 2015, LPLE issued the Notice-to-Proceed to commence full construction activities.
On May 24, 2017, ICTSI terminated the deal to develop and operate the terminal due to delays in execution.
In January 2018, construction work commenced.
Construction works are underway.Scope
The project involves the construction of a deepwater port on 1,493ha of land at the port area of Lagos Free Trade Zone in Lagos, Nigeria.
The US$1,500 million project includes the following:
1. Construction of a container terminal with a coastline of 1.5km
2. Construction of a breakwater with a total length of 2.2km
3. Construction of a 6km approach channel
4. Construction of a 670m diameter turning circle
5. Construction of a multi-purpose terminal
6. Construction of three container vessels of 8,000TEU capacity
7. Construction of a 45,000DWT liquid bulk vessel
8. Construction of a 75,000DWT dry bulk vessel
9. Construction of berths for working vessels
10. Construction of yards
11. Construction of revetments
12. Construction of navigation aids
13. Construction of water supply and drainage facilities
14. Construction of electric facilities
15. Construction of related infrastructure facilities
16. Installation of safety systemsReasons To Buy