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Nairametrics
Home Business News Politics

APM Has Invested N70 Billion In Lagos Terminal

Editor by Editor
June 30, 2015
in Politics
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  • APM Terminals, APMT, Apapa, said it has invested about N70 billion in upgrading the facilities at its terminal.
  • The operator also said it would soon kick off the evacuation of cargoes from Apapa port to Kano by rail as part of efforts to boost quick cargo clearance from the port.
  • APM terminals Chief Financial Officer, Sunil Bansal, who spoke when the Executive Secretary, Nigerian Shippers’ Council (NSC) Hassan Bello visited the terminal, said the terminal remains the only terminal in Lagos connected to the rail line through to the hinterlands.
  • He said when the rail tracks which will move cargoes from Lagos to Kano becomes fully operational, importers whose cargoes are destined for the hinterlands will no longer have to come to Lagos to clear their consignments.
  • “We are ahead in the process of connecting Kano which is another business hub to Lagos by train. We expect to start operation very soon. We are having some little challenges but we are almost set to start. This is the only terminal in Lagos which is connected to rail through to the hinterland.

  • “We have two lanes inside and two trains can come simultaneously and with this. Importers don’t need to come to Lagos to clear their cargo, it can be cleared at their doorstep. Those are the kind of investment and processing that we are coming with,” Bansal said.

  • According to him, the company has so far invested about N70 billion in modernising and upgrading its terminal.
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