The Managing Director, Lekki Port LFTZ Enterprise, Mr. Haresh Aswani, in a Notice-to-Proceed service at the end of the week discharged a total of 58 million USD to China Habour Engineering LFTZ Enterprise (CHELE), a backup of China Habour Engineering Company for the initiation of full development exercises at the Lekki Deep Sea Port sited inside Lagos Free Trade Zone in Ibeju-Lekki, a suburb of Lagos State.

Aswani at the service held at the Singapore Embassy in Lagos Nigeria expressed that the development of Lekki port which is as of now the biggest oceanic task in the nation, will take a time of 41months.

He put the complete contract an incentive for the development of all marine and land-side foundation for Lekki Port at 792 million USD while the whole venture which will cost a sum of USD 1.65billion.

“The all out contract for the development of all marine and land-side framework for Lekki Port is 792 million USD and we are hailing off the development today by discharging a development installment to CHELE for them to start full development on the Project. The all out venture cost of this stage will be 1.65billion USD”.

He included that once Lekki Port which is said to be the most profound ocean port in the Sub-Saharan Africa resumes activity in 2019, it will draw in Post-Panamax holder vessels of up to 10,000TEU, a yearly throughput limit of 1.5million TEUs which would in a matter of moments be enhanced to suit 2.7million TEUs.

“Lekki Port Project, notwithstanding taking care of the long standing blockage issue at existing ports, will make an empowering situation and goad gigantic speculations along the Lagos Free Trade Zone hall and will have direct positive effect on the general Nigerian economy. Whenever operational, Lekki Port will produce immediate and instigated work for roughly 170,000 people and will have a financial effect of 361 billion USD over the concession time frame”, Aswani demonstrated.

Speaking to Governor Babatunde Fashola (SAN) at the occasion, the Commissioner of Commerce and Industry Mrs. Olushola Oworu who communicated amuse that the structure of Lekki port is at last starting expressed that the cutting edge port at Ibeju Lekki is a noteworthy achievement for Lagos as it will deal with the difficulties of Apapa and TinCan Island ports.

She revealed that administration before concentrated different ports in Lagos in an offer to recognize their inadequacies and has tied the remaining details in the concession understanding for Lekki Port.

Buttressing her point, Oworu said that basic zones of infrastructural the executives like the customary upkeep of the ports get to streets were handled in the understanding guaranteeing partners that the ways to Lekki port would not end up difficult to reach and blocked.

In his comments, the Managing Director of Nigeria Ports Authority, Alhaji Sanusi Lamido Ado Bayero depicting the event as the fulfillment of the union between advertisers of the task said that Nigeria needs such gigantic ventures that will create business, encourage exchange and definitely lessen blockage of existing ports.

“We need this sort of speculation and advancement in the economy. Activities like this can’t be found in some other Sub-Saharan Africa and we trust that every one of the ventures benefits; the age of work, help of exchange, the decongestion of the endless clog and hardship the ports particularly the ports in Lagos, we trust that as anticipated, the task will be honored and be a gift to all.”

He further offered thanks to the venture accomplices particularly the Governor of Lagos State, Babatunde Raji Fashola (SAN) for the help and enthusiasm of his organization in encouraging the undertaking.

Accepting the check of 58million USD, the Managing Director, China Habour Engeering LFTZ Enterprise,Mr. Wang Zhichao assurred partners that his association will carefully hold fast to building gauges, with a focal point of giving top of the line development that will make Lekki port a center port in West Africa.

Zhichao repeated his association’s dedication and preparation to beat any test the development of the port at Lekki predicts in a visit with TNMN.

“We have numerous encounters in China. As of late, in the past 20years, we have taken care of numerous ventures in Africa. For Nigeria, it’s the principal remote ocean port. It ought to be a touch of testing, yet for us at China Habour, we can deal with it.”

Zhichao included that all together not maintain a strategic distance from deferrals; they will produce their very own power during the time of development.

Talking solely to TNMN on how easy to understand the port charges would be, The Managing Director, Lekki Port LFTZ Enterprise, Mr. Haresh Aswani said the advantages of being arranged in a Free Trade Zone and the tremendous traffic that the Port will pull in view of its ability to deal with enormous present day vessels will impact charges.

“Above all else, we are in the Free Zone. Also, we are in the most profound ocean port which means you can bring the bigger vessels 10, 000 TEUs sizes which implies that charges will go lower.”

He said administrators of the Port would likewise work connected at the hip with Nigeria Shippers Council to guarantee that charges are as cordial as could be allowed.