shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Benin Republic Concessions Cotonou Port ….Says It Will Be Lagos Second Port

Benin Republic Concessions Cotonou Port ….Says It Will Be Lagos Second Port

by Joshua
August 16, 2009
in Uncategorized

(With Agency Report)

The gale of port concessioning which swept into Nigeria about three years ago has reached neighbouring Republic of Benin where the famous Cotonou port has been concessioned for 25 years to French Bolloré Group in what the country’s authorities explained as a public-private partnership deal.
The country’s government also disclosed last week that the concession agreement is   aimed at boosting Cotonou’s role as the ‘second Lagos port’ in anticipation of future growth in Nigeria.
Justifying he deal, Benin Republic’s minister of ports, Issa Badarou said: “Bolloré’s bid offer was exceptional and the fullest. It fully met our development vision. And that was why we are concessioning the port to Bolloré.”
The concession is to operate and manage the South Wharf Container Terminal for 25 years. Bolloré says it will pay fees of US$200 million over the first eight years of operation, while investing $256m in infrastructure during the life of the concession. A fee of close to $27 million was to be paid when the concession was signed.
According to Bolloré Africa Logistics it aims at increasing container traffic in the port of Cotonou from the current 312,000 TEU to one million TEU by 2030. This will be done by way of boosting trade for Niger, where the port handles the export of uranium to France’s leading nuclear company Areva, and to Northern Nigeria, Lagos, Burkino Faso, Mali and Chad, turning Cotonou into one of the more important transit ports in the Gulf of Guinea.
 

Related Posts

SHIPTALK: Basics About A Ship

SHIPTALK: Basics About A Ship

January 27, 2023
NAGAFF Congratulates Newly Promoted Comptrollers, Charges Them On Professionalism

NAGAFF Congratulates Newly Promoted Comptrollers, Charges Them On Professionalism

January 27, 2023
ONE To Acquire Three U.S. West Coast Container Terminals

ONE To Acquire Three U.S. West Coast Container Terminals

December 29, 2022
Shippers’ Council Collaborates With Institute On Training

Shippers’ Council Collaborates With Institute On Training

September 23, 2022

Discussion about this post

Latest News

“Anyone talking about 15% equity in CVFF is ignorant”

“Anyone talking about 15% equity in CVFF is ignorant”

January 27, 2023

Industry Advises Philippines on Training as EU Considers Crew Ban

SHIPTALK: Basics About A Ship

NAGAFF Congratulates Newly Promoted Comptrollers, Charges Them On Professionalism

Beware Of Activities Against Aquatic Plants, Animals – Marine NGO Warns

The World Awaits Trial Of Crew Of Heroic Idun In A Nigerian Court

All Set For Obangame Express 2023 International Maritime Exercise

Our Real Fears About The CVFF Disbursement

VESSELS EXPECTED AT LAGOS PORTS AS AT 27TH JANUARY, 2023.

Media Crucial To Nation Building- Channels TV Boss

Lekki Deep Seaport To Boost Non-Oil Revenue — NEPC

Military Destroys 39 Illegal Refineries, Apprehends Oil Thieves, Vandals

kindly like our Facebook page

Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says
Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says

December 19, 2022

The World Health Organisation has said that the number of people estimated to have died as a result of living...

Health Benefits And Side Effects Of Bitter Leaf

Health Benefits And Side Effects Of Bitter Leaf

December 12, 2022
More Women May Die During Childbirth In West Africa — Report

More Women May Die During Childbirth In West Africa — Report

December 12, 2022
The Many Wonderful Uses Of Onions

The Many Wonderful Uses Of Onions

December 5, 2022
Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

December 5, 2022
COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

December 5, 2022
Panic As Monkeypox Spreads To 32 States, Cases Now 604

Panic As Monkeypox Spreads To 32 States, Cases Now 604

November 28, 2022
Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

November 28, 2022
Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

November 28, 2022
Infertility Red Flags Men, Women Should Not Ignore – Experts

Infertility Red Flags Men, Women Should Not Ignore – Experts

November 28, 2022

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition