In compliance with its 25 years concession agreement, the management of APM Terminals (APMT) yesterday broke ground for the construction of its US$34.5m modern terminal in the compound of the National Port Authority (NPA).
This project, according to APMT managing director, George G. Adjei, is part of its phase-two development and it is expected to be completed within a period of 23 months.
“This is yet another manifestation of APM Terminals’ commitment towards supporting the government of Liberia in the country’s development agenda,” said MD Adjei.
What he described as the port “modernization project” would include state-of-the-art safety features, a new administrative and operational building, yard pavement, new cargo gates with various channels, and real time updates of container movement.
Other facilities he said, conventional drainage system, biometric access control system, closed circuit television (CCTV) system, and a GPS-based container location system.
When completed, the modern container terminal will have a storage capacity of over 10,000 twenty-foot equivalent units (TEUs), well positioned to serve the Liberian economy as well as the transit trade, he added.
According to him, the occasion symbolizes a clear manifestation of our commitment towards continuous enhancement of the supply chain processes for all stakeholders in Liberia’s port industry.
“Some four years ago APM Terminals Liberia limited and the government signed 25 year concession agreement that mandated us to develop and operate this terminal,” he said,
A key component, the APM Terminals boss, said “was the reconstruction of the quay that had not seen any major maintenance since it was built in the 1940s,” adding, “indeed, the quarry had reached a state of imminent collapse if nothing was done to remedy the situation.
“It goes without saying that a collapsed quay wall would have caused an irreparable damage to the logistical supply chain of the economy.”
In compliance with the concession agreement, the APMT boss said, “his institution has reconstructed and delivered a new and functional 600 meter quay with a 50-year warranty.”
This quay project, he noted was completed three months ahead of schedule at a cost of US$50 million.
“We have developed a group of young Liberian civil and structural engineers who are supporting the safety supervision as well as the quality assurance efforts of this project,” Mr. Adjei disclosed.
He furthered that the existing stacking areas will become more compressed, resulting in block-stacking of containers and increased yard density, adding that APMT Liberia’s import cargo volume has increased by 33 percent comparing the first half of 2015 with the same period of 2014.
The APM manager added that the reduced yard space, resulting from the construction and the recent surge in volumes, will undoubtedly adversely affect service delivery during the course of the project.