APM Terminals said Liberian President Ellen Johnson-Sirleaf dedicated a new 600-meter wharf at the Freeport of Monrovia on May 22.
Under a 25-year agreement signed in 2010, APM Terminals Liberia operates the Freeport at Monrovia. In addition to handling containerized shipments, it is also a multipurpose facility that handles rice,
cement, latex, unitized or palletized cargo, vehicles, frozen products
“It was a tight three-year deadline, and we are very proud to
stand here with this milestone met ahead of schedule so that we can move
seamlessly into the next stages of the port modernization project,”
stated APM Terminals head of project implementation, Soren Jakobsen.
infrastructure investments at the 17-hectare (42-acre) concession site
will include roadway reconstruction, yard paving, new offices and gates
and cargo handling technology that the company says will increase capacity, efficiency, and
improve safety and performance.
APM Terminals will invest
approximately $120 million over the life of the 25-year concession in
improvements, equipment and training. It says it will invest an additional $25 million beyond what is required in the
concession agreement to upgrade the container yard, buildings, gates and
safety activities. - Chris Dupin