Nigeria’s Lekki Port to fund $800mln rail line
31 December 2022
Lekki Port LFTZ Enterprise Limited, promoters of Nigeria’s Lekki Deep Seaport, is planning to fund an $800 million rail connection, The Punch newspaper said, citing Chief Operating Officer Enterprise Laurence Smith.
The rail connection will ensure easier and more effective evacuation of cargoes from the port, he said, adding it is an integral part of port operations.
Smith noted that 30% and 70% of cargoes are evacuated in Europe and North America by rail, respectively, as it is cheaper and reduces road congestion.
Lekki Port has obtained the government’s approval to set up the railway, which will span from the port to the proposed eastern coastal rail through Ijebu-Ode, said Lekki Port LFTZ Deputy Chief Operating Officer Daniel Odibe.
Related
-
Iraq approves $2.45bn contract award to Hyundai E&C
27 August 2025
-
NTPC REL opens bidding for 300 MW solar project in India
27 August 2025
-
WABAG awarded O&M contract for sewage treatment plant in Bahrain
26 August 2025
-
Japan’s Taisei offers $878m to buy rival Toyo Construction
22 August 2025
-
Saudi-Chinese joint venture to set up manufacturing facility in Kingdom
22 August 2025
-
Foster + Partners designs “green oasis” for Seoul
21 August 2025