Nigerian, US firms propose multimodal logistics system for AfCFTA

The system will comprise five component modes that have to be interlinked and function in a seamlessly integrated manner to actualise the vision and goals of the project.

The proposed facilities include a gateway multimodal smart port, with a 5.6-km runway for an air cargo terminal within the complex and an automobile assembling unit plant with a capacity of over a million vehicles a year that would be built between Lagos and Ogun state.

The port will have a draught capacity of 50 metres to receive Valemax size ships or 400,000 deadweight bulk-cargo ships. The will have a 350 million throughput capacity and 15 million TEUs annual capacity by 2027, according to Nigerian media reports.

The project might cost nearly $50 billion and will have about 830,000 employees during construction phases and will generates more than 15 million employment through value chain optimisation.

Fibre2Fashion News Desk (DS)