Country
Nigeria
Sector
Transport & Logistics
Intelligence Type
Project
Status / Stage
Operational
Estimated Value
USD 1600000000
Confidence
Highly Confirmed
Latest Development
Project Details
Project TypeDeep Sea Port
Project OwnerLekki Port LFTZ Enterprise Limited (Tolaram Group, CHEC; Lagos State Govt and NPA minority stakes)
Main ContractorChina Harbour Engineering Company (CHEC)
Project DeveloperTolaram Group; China Harbour Engineering Company
Financing InstitutionChina Development Bank
Start DateConcession signed April 2011
Actual CompletionNovember 2022 (handover); April 2023 (full commercial operations)
Current PhaseOperational
Funding StatusClosed
Latest Development (Detail)
Operating under a 45-year BOOT concession. Container terminal operated by Lekki Freeport Terminal (CMA CGM Group controlling interest). Design throughput 1.2 million TEUs/year; deepest port in Nigeria at 16.5m draft.
Capital & Financing Intelligence
Funding / Amount CommittedUSD 629000000
Funding SourceChina Development Bank project financing (initial tranche; later tranches including $221m facility)
Commercial Opportunity Intelligence
Commercial ReadinessVery Early
Source & Verification Trail
Last Verified2026 (ongoing operations)
Source(s)The Africa Logistics; AidData/Boston University GDP Center; Wikipedia
Source Date2026
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