APM Terminals’ investment in Apapa hits N180 billion
APM Terminals Apapa, has invested $438 million (about N180b) in the upgrade of its facility, acquisition of modern cargo handling equipment and support of seamless services since it won concession of the terminal in 2006.
The Terminal Manager of APM Terminals Apapa, Steen Knudsen, said the terminal is on an exciting journey of major transformation to deliver greater, sustainable benefits to the Nigerian economy and society.
Apart from investment in equipment and facility upgrade, he said APM Terminals Apapa is also investing substantially into continuous development of its workforce.
“Since inception, we have invested around $438 million purely into handling equipment in the terminal. We have acquired mobile harbor cranes, rubber tyred gantry cranes, reach stackers, forklifts, terminal trucks, empty handlers and also, invested on yard improvements.
“An equally important investment is the upgrade of our workforce, ensuring that we continuously develop our staff. This covers trainings, career progression and, of course, expanding the business and creating new jobs.
“At moment, we are also focusing on investing on our facilities: renovating our buildings, upgrading in and out-gate facilities, terminal fencing and lighting. We have equipped the parking area access with a facial recognition system and expanded our terminal fleet with new shuttle buses and pickup trucks.
“Some of our other investments are aimed at simplifying and enhancing trade. For a long time, shipping has been a very manual and paper-heavy process. We are using global best practices to introduce digitalised products and to ensure that importers and exporters enjoy a seamless services,” Knudsen said.