Project Structure

 

 

"Lekki Port LFTZ Enterprise was awarded the Concession for 45 years by Nigerian Ports Authority on a BOOT (Build, Own, Operate and Transfer) basis. Under the BOOT Concession, LPLE is required to develop, finance, build, operate and, at the end of the concession term, transfer the Port to NPA. LPLE will earn revenues through operations of the port. When completed Lekki Port will have 3 terminal, container terminal, liquid terminal and dry bulk terminal. Shareholding Structure Lekki Deep Sea Port is envisaged to be a Public Private Partnership project with Nigerian Ports Authority and Lagos State Government holding 20% and 18.15% of shares respectively, remaining shares being held with the international consortium investors with controlling stake to be held by Tolaram Group. An agreement on timing for equity infusion and transfer of shares to the government entities has already been achieved. Currently LPLE is fully owned by Tolaram Group companies. "

The Vision

Structure and Responsibility

On 21 April 2011, LPLE entered into a Concession Agreement with NPA for the rights to build and operate a deep-sea port in Ibeju Lekki, Nigeria. This Concession is granted under the Nigerian Ports Authority Act 2004. The Concession and the Nigerian Ports Authority Act 2004, form the legal and regulatory basis for the construction and operation of Lekki Port.

 

Structure and Responsibility

 

As LPLE has ultimate responsibility under the Concession Agreement, it will manage the interfaces between NPA, the Lekki Port operations manager and the three industry specialist terminal operators.

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