Tinubu to inaugurate N178.2bn WACT terminal upgrade project
Barring any last-minute changes, President Bola Ahmed Tinubu will officially commission the upgraded $115 million West Africa Container Terminal (WACT) in Onne, Rivers State, next week Wednesday. WACT, which is operated by APM Terminals in Onne, Rivers State, is Nigeria’s largest container terminal outside Lagos. An unprecedented USD115 million (approximately N178.2 billion) upgrade project commenced […]
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Barring any last-minute changes, President Bola Ahmed Tinubu will officially commission the upgraded $115 million West Africa Container Terminal (WACT) in Onne, Rivers State, next week Wednesday.
WACT, which is operated by APM Terminals in Onne, Rivers State, is Nigeria’s largest container terminal outside Lagos.
An unprecedented USD115 million (approximately N178.2 billion) upgrade project commenced at WACT in 2021.
The Managing Director of WACT, Jeethu Jose, said the completion of the upgrade marks a significant milestone in the history of Nigerian ports.
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He said, “We are pleased to announce the successful completion of the upgrade of our terminal at Onne Port. This will be a game-changer for Nigeria, and we’re thoroughly excited about it.
“The fresh investment of USD115 million is a further testament to the trust and confidence that APM Terminals has in the Nigerian economy and contributes to our purpose of improving lives for all while lifting global trade.”
WACT is Nigeria’s first greenfield container terminal developed under a Public-Private Partnership (PPP) model.
Strategically situated within the Oil and Gas Free Zone, Onne, Rivers State, the terminal has evolved into the premier gateway for accessing markets beyond the Lagos region and a vital conduit to Eastern Nigeria’s burgeoning economy.
On August 15, 2020, WACT made history when it received the largest container vessel ever to berth at any Nigerian port.