Nigeria rejected the new maxi-port promoted by Volpi in Badagry
The government agency managing ports did not authorize the creation of the terminal container in which also Maersk and MSC were supposed to invest
Nigeria Ports Authority, the government agency controlling Nigerian ports, cancelled the project related to a new large port infrastructure in Badagry promoted by Gabriele Volpi's Intels.
The master plan for the new port provided for a 25 years concession contract and this decision inevitably led to an arbitration between the promoters of the works and the port authority of the Nigerian ports.
The Lagos government wants to review this project, favouring the implementation of the port of Lekki, currently being under construction, rather than the creation of a new one.
The first news related to the creation of a maxi-port in Badagry (Nigeria) dealing especially with containers had been revealed in 2012 by Gabriele Volpi, owner of the Orlean Invest West Africa group which, together with APM Terminals (Maersk Group), Oando Plc, Macquarie, Terminal Investment Ltd (MSC) was supposed to support the investment. The original project provided for the creation of the largest container terminal in West Africa, to be opened in 2016.
“This project implies an investment of over 5 billion dollars, and it will turn Badagry's (60 Km away from Lagos) waterfront into a cutting-edge port hub extending over a total surface of 1,000 hectares and equipped with 7,000 meters of quays to handle containers, liquid bulk cargoes (oil and refined products), dry bulk cargoes, rolling and general cargoes”, explained Volpi in 2012 during a meeting in La Spezia, adding that “in the first years after the opening of the new port container handling will increase up to some 5 million TEUs/year”.
According to its latest version, the hub should have had 2,600 meters of moorings, -17 meters draughts, an annual capacity of 1.8 million TEUs and the possibility to accommodate 18,000 TEUs container ships.
However, Nigeria Ports Authority did not grant its authorization.