News
Liberia announces preferred operator
Mon, 15 Mar 2010
The Liberian government has chosen APM Terminals as the preferred bidder to operate the port of Monrovia as part of a public tender process. APM Terminals said it will invest approximately US$120m in the west African port over the 25-year term of the concession.
The successful candidate operator will be required to rehabilitate the existing Marginal Wharf, develop container and general cargo operations in the terminal and take on responsibility for Marine Services throughout the Port.
Dr Richard Tolbert, chairman of the National Investment Commission in Liberia, said he is “confident that APM Terminals, a world-class port operator, will implement this project in an outstanding manner once the concession agreement is concluded, as the government had done a thorough financial, technical, social, environmental, and reputational due diligence on the company and its proposal”.
The port is said to in urgent need of upgrading to modern standards. APM Terminals CEO, Kim Fejfer said “Our aim is to improve the port infrastructure and create a much stronger economic engine for the national and regional market.
“Our team will work closely with the IMCC [Inter-Ministerial Concession Committee], Port Sector Reform Program and the National Port Authority on the next steps of the process to ensure the transition is handled effectively.”
Construction on the quay wall will begin immediately. A new berth, more efficient yard handling procedures and the installation of new equipment will transform the port into a more competitive, world-class port capable of handling modern, deep-draft vessels.
Fejfer also congratulated the Liberian government for a professional and transparent port privatization process, which was overseen by the World Bank, US Embassy and other members of the international community.
The successful candidate operator will be required to rehabilitate the existing Marginal Wharf, develop container and general cargo operations in the terminal and take on responsibility for Marine Services throughout the Port.
Dr Richard Tolbert, chairman of the National Investment Commission in Liberia, said he is “confident that APM Terminals, a world-class port operator, will implement this project in an outstanding manner once the concession agreement is concluded, as the government had done a thorough financial, technical, social, environmental, and reputational due diligence on the company and its proposal”.
The port is said to in urgent need of upgrading to modern standards. APM Terminals CEO, Kim Fejfer said “Our aim is to improve the port infrastructure and create a much stronger economic engine for the national and regional market.
“Our team will work closely with the IMCC [Inter-Ministerial Concession Committee], Port Sector Reform Program and the National Port Authority on the next steps of the process to ensure the transition is handled effectively.”
Construction on the quay wall will begin immediately. A new berth, more efficient yard handling procedures and the installation of new equipment will transform the port into a more competitive, world-class port capable of handling modern, deep-draft vessels.
Fejfer also congratulated the Liberian government for a professional and transparent port privatization process, which was overseen by the World Bank, US Embassy and other members of the international community.
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