Lekki Port LFTZ Enterprise, the developer for Lekki deep seaport, has received the first US$60 million portion of a US$630 million loan from China Development Bank. The first installment of the loan is expected to push the pace of construction on the project. The construction works for Lekki deep seaport are underway and 50% of the 1,900-meter main breakwater works are completed. The company is aiming to open the port before the end of 2022.
Lekki Port LFTZ Enterprise is owned by China Harbour and Tolaram Group. The development is implemented on a finance-build-operate basis with a 45-year concession agreement.
Country updates
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April 19, 2021
Construction in progress for Lekki port PPP
Lekki deep seaport in Nigeria is expected to begin operations by the first quarter of 2023. The construction works for the project are progressing rapidly. As of the first quarter of 2021, the project...
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April 09, 2021
Nigeria launches RFQ for 12 road PPP under Value-added concession
The Federal Ministry of Works and Housing in Nigeria has launched a request for qualification (RFQ) for phase 1 of Value-added concession (VAC) under the Highway Development and Management Initia...
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March 24, 2021
Nigeria to launch 12 highway PPP concessions
The federal government of Nigeria has announced to begin the procurement process for 12 highway corridors across the nation under Highway Development and Management Initiative (HDMI). These 12 hi...
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February 15, 2021
Partners announced for USD2.9 billion Seaport PPP project in Nigeria
Mercury Maritime Concession Company (MMCC) and Port of Antwerp International have partnered to design and develop Escravos Seaport Industrial Complex (ESIC) in Nigeria.
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February 10, 2021
Partners announced for Escravos Seaport PPP concession
Mercury Maritime Concession Company (MMCC) and Port of Antwerp International have partnered to design and develop Escravos Seaport Industrial Complex (ESIC) in Nigeria. ESIC will involv...
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