Company Profile

Harnessing Growth

Company Profile 2020-08-03T18:11:57+00:00

Lekki Port LFTZ Enterprise Limited

Lekki Port LFTZ Enterprise Limited (LPLEL) is the Special Purpose Vehicle (SPV) which was awarded the Concession Agreement for development and operations of the Lekki Deep Sea Port by the Nigerian Ports Authority. LPLEL is required to develop, build and operate a common user, multipurpose port under the concession and has the right to sub-concession terminal operations to other companies.

LPLEL is a joint venture enterprise owned by a group of investors led by the Lekki Port Investment Holdings Inc (comprising China Harbour Engineering Company Ltd. and Tolaram Group), the Lagos State Government and the Federal Government of Nigeria through the Nigerian Ports Authority (NPA).

LPLEL is incorporated under the Companies & Allied Matters Act regime, and licensed by the Lagos Free Zone to operate in the Free Zone under the NEPZ Act. This opens a whole host of benefits for Lekki Port in terms of taxes, duties and other incentives.

Lekki Port LFTZ Enterprise Limited 

Lekki Port LFTZ Enterprise Limited (LPLEL) is the Special Purpose Vehicle (SPV) which was awarded the Concession Agreement for development and operations of the Lekki Deep Sea Port by the Nigerian Ports Authority. LPLEL is required to develop, build and operate a common user, multipurpose port under the concession and has the right to sub-concession terminal operations to other companies.

LPLEL is a joint venture enterprise owned by a group of investors led by the Lekki Port Investment Holdings Inc (comprising China Harbour Engineering Company Ltd. and Tolaram Group), the Lagos State Government and the Federal Government of Nigeria through the Nigerian Ports Authority (NPA).

LPLEL is incorporated under the Companies & Allied Matters Act regime, and licensed by the Lagos Free Zone to operate in the Free Zone under the NEPZ Act. This opens a whole host of benefits for Lekki Port in terms of taxes, duties and other incentives.

China Harbour Engineering Company Ltd.(CHEC)

China Harbour Engineering Company Ltd.(CHEC) was established in the 1980s. As a subsidiary of China Communication Construction Company Ltd. (CCCC), a Global Fortune 500 company, it explores the overseas market on behalf of CCCC. At present, CHEC’s more than 90 branches (subsidiaries) and representative offices around the world conduct business in over 100 countries and regions with more than 15,000 employees undertaking hundreds of international projects whose total contract amount it over USD 30 billion.

CHEC adheres to industry leading and actively promotes the overseas practice of investment, construction and operation covering the whole industrial chain in such fields as marine engineering, dredging and reclamation, roads and bridges, railways, airports, municipal works and environmental protection and complete plant.

CHEC injected US$221 million into LPLEL in March 2020 and became the company’s controlling shareholder.

China Harbour Engineering Company Ltd.(CHEC)

China Harbour Engineering Company Ltd.(CHEC) was established in the 1980s. As a subsidiary of China Communication Construction Company Ltd. (CCCC), a Global Fortune 500 company, it explores the overseas market on behalf of CCCC. At present, CHEC’s more than 90 branches (subsidiaries) and representative offices around the world conduct business in over 100 countries and regions with more than 15,000 employees undertaking hundreds of international projects whose total contract amount it over USD 30 billion.

CHEC adheres to industry leading and actively promotes the overseas practice of investment, construction and operation covering the whole industrial chain in such fields as marine engineering, dredging and reclamation, roads and bridges, railways, airports, municipal works and environmental protection and complete plant.

CHEC injected US$221 million into LPLEL in March 2020 and became the company’s controlling shareholder.

Tolaram Group

Tolaram Group, Singapore, is the leading sponsor for Lekki Deep Sea Port. The Group is one of the leading corporates in Africa with diversified interests in fast moving consumer goods (“FMCG”), energy, infrastructure, distribution, logistics, digital services, paper and textiles.

Tolaram Group was established in 1948 in Indonesia and has evolved over the last seven decades into a conglomerate with businesses in 75 Countries on 3 continents. The business headquarters of the Group was shifted to Singapore in 1967 to expand the business internationally. It started manufacturing in Indonesia in 1973 and ventured into Nigeria in 1977.

Tolaram Group

Tolaram Group, Singapore, is the leading sponsor for Lekki Deep Sea Port. The Group is one of the leading corporates in Africa with diversified interests in fast moving consumer goods (“FMCG”), energy, infrastructure, distribution, logistics, digital services, paper and textiles.

Tolaram Group was established in 1948 in Indonesia and has evolved over the last seven decades into a conglomerate with businesses in 75 Countries on 3 continents. The business headquarters of the Group was shifted to Singapore in 1967 to expand the business internationally. It started manufacturing in Indonesia in 1973 and ventured into Nigeria in 1977.

Lagos Free Zone Company

Lagos Free Zone Company (LFZ) is fully owned by Tolaram Group and is registered under the NEPZA Act to develop and operate the Lagos Free Zone (LFZ). Lekki Deep Sea Port will be located within the LFZ.

LFZ is being developed as a multi-product and logistics hub for the entire West African Region. Strategically located 65km east of Lagos, the zone is well connected by road, sea and by air. When fully developed, it will be spread over an area of 805 hectares and will house petroleum and petrochemical complexes, agri-commodity and other manufacturing industries.

Lagos Free Zone Company

Lagos Free Zone Company (LFZ) is fully owned by Tolaram Group and is registered under the NEPZA Act to develop and operate the Lagos Free Zone (LFZ). Lekki Deep Sea Port will be located within the LFZ.

LFZ is being developed as a multi-product and logistics hub for the entire West African Region. Strategically located 65km east of Lagos, the zone is well connected by road, sea and by air. When fully developed, it will be spread over an area of 805 hectares and will house petroleum and petrochemical complexes, agri-commodity and other manufacturing industries.