The Port and Terminal Multiservices Limited has unveiled a proposed fresh investment of $50m in its terminal as part of efforts to strengthen port infrastructure, expand capacity, boost operational efficiency, and support Nigeria’s ambition of becoming the leading maritime hub in West and Central Africa.
In a statement on Wednesday, the Managing Director of PTML, Mr Ascanio Russo, disclosed the planned investment on Tuesday during a visit to the Minister of Marine and Blue Economy, Adegboyega Oyetola, in Abuja.
According to the statement, the investment, which will be undertaken by PTML, a member of the Grimaldi Group, is targeted at expanding the terminal’s berthing capacity and acquiring additional state-of-the-art port equipment at the Tin Can Island Port Complex in Lagos.
Speaking on the plan, Russo said, “The Grimaldi Group remains deeply committed to Nigeria and firmly believes in the country’s potential as the leading maritime and logistics gateway in West
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