Togo: MSC plans to invest 30 million euros in Lomé Container Terminal, by 2022

04/08/2022 By gifsauce 742 Views

(Ecofin agency) - The ambitions of the Italo -Swiss MSC to make the port of Lomé its African hub materialize, after the announcement in 2019 of an investment plan of 500 million euros over the next decade.

MSC, the Italo-Suisse shipowner, has just announced that it plans to inject 30 million euros (19.6 billion FCFA) by 2022, to increase the annual capacity of Lomé Container Terminal (LCT) to2.7 million EVP (volume of a 20 -foot container).Currently the port platform is capable of treating up to 2.2 million EVP per year.

This MSC financial commitment in the container terminal, 100% controlled by its Terminal Investment Limited (TIL) subsidiary, is one of the first milestones of an investment plan over ten years of 500 million euros (328billion FCFA), announced in 2019 by Ammar Kanaan, then new CEO of the company based in Geneva.

Togo : MSC prévoit d'investir 30 millions d’euros dans Lomé container Terminal, d’ici 2022

With these investments, the maritime group which now makes Lomé its African hub intends to bring, ultimately, 4 million EVP annual traffic on the port platform, leader in West Africa.Especially since its position and its status as a single port terminal in deep water in the Gulf of Guinea make LCT a hub of transhipment and an entrance gateway to Togo, the regions of northern Nigeria and the countriesHinterland (Burkina Faso, Mali and Niger).

While he had concluded the year 2019 with an annual volume of 1.1 million EVP, LCT claims to have brewed more than 1.4 million EVPs in 2020, despite the slowdown in world exchanges due to the pandemic ofCOVID-19.Since the launch of its activities, the platform has almost tripled its container traffic, underlines Togo First.

Fiacre e.Kakpo

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