APM Terminals has been named the preferred bidder to operate a 25 year concession at the Liberian port of Monrovia.
The global terminal operating unit of Denmark’s A.P. Moller-Maersk said it will invest around $120 million developing container and general cargo facilities at the West African port over the duration of the concession.
The Liberian government, which issued a public tender in December, said bidders would have to revamp the existing Marginal Wharf, develop cargo facilities and operate marine services in the port.
“Our aim is to improve the port infrastructure and create a much stronger economic engine for the national and regional market,” said APM Terminals Chief Executive Officer Kim Fejfer.
Construction of a new quay wall will begin immediately, APM Terminals said.
“A new berth, more efficient yard handling procedures and the installation of new equipment will transform the port into a more competitive, world class port capable of handling modern deep-draft vessels,” the company said.
APM Terminals operates 50 cargo terminals in 34 countries and has 19,000 employees.
The global terminal operating unit of Denmark’s A.P. Moller-Maersk said it will invest around $120 million developing container and general cargo facilities at the West African port over the duration of the concession.
The Liberian government, which issued a public tender in December, said bidders would have to revamp the existing Marginal Wharf, develop cargo facilities and operate marine services in the port.
“Our aim is to improve the port infrastructure and create a much stronger economic engine for the national and regional market,” said APM Terminals Chief Executive Officer Kim Fejfer.
Construction of a new quay wall will begin immediately, APM Terminals said.
“A new berth, more efficient yard handling procedures and the installation of new equipment will transform the port into a more competitive, world class port capable of handling modern deep-draft vessels,” the company said.
APM Terminals operates 50 cargo terminals in 34 countries and has 19,000 employees.