APM Terminals said Friday it will participate in the consortium led by Bolloré Africa Logistics that has a contract to develop a new deepwater container terminal at the Port of Pointe-Noire in the Republic of the Congo.
The Bolloré Group signed a $798 million agreement with the Congolese Government that gave it a 27-year concession to modernize and operate the largest deepwater port in the Gulf of Guinea, a gateway to the increasingly important Central African region.
"APM Terminals will be a minority shareholder in the Congo Terminal, which achieves our goal of participating in the market growth of the Congo and Central Africa," Klaus Sejling, vice president of APM Terminals Global Business Development, said in a statement on Friday.
The consortium’s plans include expanding the current 17-hectare (42-acre) facility to 38 hectares (94 acres) with the annual throughput capacity of 300,000 TEUs to be doubled within eight years.
The new terminal will be able to accommodate vessels as large as 7,000-TEU capacity.
APM Terminals said it has a long and close association with Bolloré Africa Logistics, the largest transportation and logistics network in Africa, which includes facilities at the West African ports of Abidjan, Ivory Coast; Douala, Cameroon and Tema, Ghana.
The Bolloré Group signed a $798 million agreement with the Congolese Government that gave it a 27-year concession to modernize and operate the largest deepwater port in the Gulf of Guinea, a gateway to the increasingly important Central African region.
"APM Terminals will be a minority shareholder in the Congo Terminal, which achieves our goal of participating in the market growth of the Congo and Central Africa," Klaus Sejling, vice president of APM Terminals Global Business Development, said in a statement on Friday.
The consortium’s plans include expanding the current 17-hectare (42-acre) facility to 38 hectares (94 acres) with the annual throughput capacity of 300,000 TEUs to be doubled within eight years.
The new terminal will be able to accommodate vessels as large as 7,000-TEU capacity.
APM Terminals said it has a long and close association with Bolloré Africa Logistics, the largest transportation and logistics network in Africa, which includes facilities at the West African ports of Abidjan, Ivory Coast; Douala, Cameroon and Tema, Ghana.