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Swiss firm MSC wins 45-year deal to build Lagos container terminal, opening 2028.
MSC, a Swiss shipping company, has won a 45-year concession to develop, operate, and maintain a new container terminal at Lagos’s Snake Island Port in Nigeria, part of a $1 billion infrastructure investment.
The terminal, being built by ITB Nigeria and DEME Group, will span 30 hectares with a 910-meter quay to handle deep-sea vessels and barges, with operations set to begin by 2028.
The project aims to ease severe port congestion in Lagos and elevate the port’s global role.
The development reflects a growing trend of major shipping firms securing long-term stakes in emerging markets amid shifting global supply chains.
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La firma suiza MSC gana un acuerdo de 45 años para construir la terminal de contenedores de Lagos, que abrirá en 2028.