#APM Terminals Invests N180bn In Apapa


APM Terminals Apapa says it has invested $438m (about N180bn) on its facility since it won the concession of the terminal in 2006.

The company said the amount was spent on the upgrade of its facility, acquisition of modern cargo handling equipment and support of seamless services.

The company added that the investment was the highest by any port terminal operator in the nation.

In a statement, the Terminal Manager, APM Terminals Apapa, Steen Knudsen, said the terminal was on an exciting journey of major transformation to deliver greater and more sustainable benefits to the Nigerian economy and society.

He said, “Since inception, we have invested around $438m purely into the handling equipment we have in the terminal. We have acquired mobile harbour cranes, rubber tyred gantry cranes, reach stackers, forklifts, terminal trucks, empty handlers and invested into yard improvements.

“An equally important investment is the investment into our workforce, ensuring that we continuously develop our staff. This covers trainings, career progression and, of course, expanding the business and creating new jobs.”

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