Lome Container Terminal

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The Lomé Container Terminal (LCT) was the third container terminal in the port of Lomé on the Gulf of Guinea, a major gateway into West and Central Africa. The container terminal was to add to the existing 220.000 TEU of the other two terminals. The LCT was owned by a special purpose vehicle (Global Terminal Limited - GLT)) created by Mediterrenean Shipping Company (MSC), the world's second largest shipping line and LCT's anchor customer, and Getma Group of France. MSC was also to enter into a terminal service agreement committing to channel most of its WCA cargo through the Terminal. The terminal's construction began in April 2011 by Société d’Entreprise de Manutentions Maritimes (SE2M-TOGO), part of the French firm Bolloré. The 35-year concession, with an optional 10 year extension, was awarded by the Government of Togo to Lomé Container Terminal, already in 2008. The concession was for the development, construction, and operation of a greenfield container terminal (a third quay), bringing the estimated handling capacity up to 1.5 million TEU per annum. 2010-2011 saw a total handling of 320,000 TEU. The total project represented an investment of an estimated $487 million (€350 million) at the time. Total financing was some $189 million dollar: In 2011, the African Development Bank approved a loan of $85 million (€60 million) for the construction of a new container terminal adjacent to the existing facility. Other financiers included China Development Bank, DEG (KfW Group), FMO, Proparco, and the IFC, the latter for up to $104 million (€75 million). By the end of 2013, the third berth of 450m and a water depth of 15m was operationalized. https://ijglobal.com/articles/78380/-350m-african-container-terminal-ready-to-close http://ifcextapps.ifc.org/ifcext/spiwebsite1.nsf/78e3b305216fcdba85257a8b0075079d/52d84e09b7a51fc3852577cf0050d4e1?opendocument