Tin Can Island Terminal B

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In September 2005 the government of Nigeria, through its Bureau of Public Enterprises (BPE), awarded a 15 year rehabilitate, lease and transfer concession for terminal B of the Tin Island port to private company Tin Can Island Container Terminal Ltd. The concessionaire pledged to pay leasing fees to the government amounting to some $83.31 million in net present value. Additionally, the concessionaire was expected to make all investments on the terminal’s berths (except for the quay wall, which remained the government’s responsibility), stacking yard, equipment, as well as improved security and fencing systems. The net present value of investments in infrastructure were estimated at $36.06 million. The project was part of a wider plan started in 2004 - 2005 to attract private participation in the Nigerian port sector. The contract was awarded in September 2005 after a competitive tender with three bidders. The bids were ranked using a highest fee paid to the government criterion. The Tin Can Island Container Terminal was made up of French Bollore Group, Zim Integrated Shipping and local partners. No further information was publicly available on the ownership structure of the concessionaire, investments in facilities, or the terminal's capacity. Lagos was the principle port of Nigeria situated on the Gulf of Guinea. The port was split into three main sections: Lagos, Apapa and Tin Can Island. Tin Can was a self contained port entered through Badagry Creek via a 200m wide channel which has been dredged to 8.5m. Tin Can provided 11 berths including seven break-bulk general cargo berths, one dry bulk cargo berth and two dedicated roro berths (numbers 9 and 10). Total length over the quays was over 2000 meters and has a maximum draught of 10 metres - up to 13 vessels could be accommodated at a time. Berth No 9 had special ro-ro ramps to work the ro-ro vessels. There were five transit sheds and three warehouses offering a covered storage area of 54,000m2 and an open storage area of 125,000m2. There were also 5 vehicle parks - each able to accommodate 6000 cars at a time. Tin Can was linked to Apapa by a road bridge. None None