MSC to inject €30mln in Lomé Container Terminal by 2022

Wednesday, 24 March 2021 15:49
MSC to inject €30mln in Lomé Container Terminal by 2022

(Togo First) - By 2022, MSC plans to spend €30 million (CFA19.6 billion) to boost the annual capacity of the Lomé Container Terminal (LCT) to 2.7 million twenty-foot equivalent unit (TEU) from 2.2 million TEU now.  

This commitment is the first step in the company’s 10-year investment strategy valued at €500 million (CFA328 billion). The latter was revealed in 2019 by Amnar Kanaan, then MD of the Geneva-based firm. 

The investment strategy should ultimately raise the port’s annual traffic to 4 million TEU. This volume compares to 1.1 million TEU in 2019 and over 1.4 million TEU in 2020 - a good performance despite trade slowing worldwide due to the Covid-19 pandemic. 

The LCT is controlled by International Limited (TIL), a full subsidiary of MSC. The single deep-water port terminal in the Gulf of Guinea is a transhipping hub and a gate connecting Togo’s coasts to Mali, Burkina Faso, and Niger. Since it launched its activities, the platform almost tripled its container traffic. 

Fiacre E. Kakpo

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