Independent journal on economy and transport policy
02:35 GMT+1
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ICTSI cancels the contract for the container terminal of the new Nigerian port of Lekki
the decision caused from the delays in the realization of the port of call African
May 26, 2017
The terminalista group Philippine International Container Terminal Services, Inc. (ICTSI) has announced that own branch Nigerian Lekki International Container Terminal Services LFTZ Enterprise (LICTSE) has agreed with the Lekki Port LFTZ Enterprise (LPLE) to place term to their agreement of subconcessione and on August 10, 2012 relative undersigned to the realization and management of a container terminal in the new Nigerian port of Lekki ( on 10 August 2012).
ICTSI has explained that the two parts have reached such decision because of the delays in the realization of the project for the construction of the Nigerian port. According to the initial forecasts, in fact, the project would have had to be completed in 2016 ( on 14 March 2012). Moreover the Philippine group has specified that the cessation of the contract has had effect Wednesday and that such revocation previews the deposit of an indemnification to the LICTSE.
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