Case Study: Ports Reforms & Concessions In Nigeria

Glimpse on the Transactions
S/N Name of the Transaction
Terminal Operators/Preferred
Bidders
Local/Foreign Participation
Name of the Port Concession Rounds
Concession
Duration
(Years)
Bid Amount
(NPV @ 10%
Discount rate)
Value in US$
million
Status of Concession
1 Apapa Container Terminal A.P. Moller Apapa Terminal Ltd.
APM Terminals as Lead with local participation
Apapa Port Complex Round 1 25 1,061.14 Handed Over
2 Apapa Terminal 'A' Apapa Bulk Terminal Ltd.
Local lead with Atlantic Bulk Carriers Mgt. from Greece
Lagos Port Complex Directed Negotiation 25 18.10 Handed Over
3 Apapa Terminal 'B' Apapa Bulk Terminal Ltd. as Technical Partners
Lagos Port Complex Directed Negotiation 25 12.07 Handed Over
4 Apapa Terminal 'C' ENL Consortium Limited
Local lead with Dublin Port Company and ICIL from
Lagos Port Complex Round 1 10 13.58 Handed Over
5 Apapa Terminal 'D' ENL Consortium Limited Ireland and Civil & Coastal from South Africa
Lagos Port Complex Round 1 10 12.25 Handed Over
6 Apapa Terminal 'E' Greenview Dev. Nigeria Limited Local Dangote Group Lagos Port Complex Directed Negotiation 25 25.07 Handed Over
7 Port Harcourt 'A' Ports & Terminal Operators Nig Ltd Local Lead with P&O Nedlloyd Port Harcourt Port Round 2 15 90.81 Handed Over
8 Port Harcourt 'B' BUA International Limited Local Lead with Apec Antwerp Port consultants Port Harcourt Port Round 2 20 12.36 Handed Over
9 Tin Can Island Port 'A' Josepdam & Sons Ltd
Local Lead with Techserve and South African Sugar
Company from South Africa
Tin Can Islan Port Round 3 10 14.05 Handed Over
10 Tin Can Island Port 'B' Tin Can Island Container Terminal Ltd
Bollore Group as Lead with Zim Integrated Shipping
Services and Local participation
Tin Can Islan Port Round 3 15 83.31 Handed Over
11 Tin Island Port 'C' Sifax Nig Ltd local firms as lead with Bremenports Tin Can Islan Port Round 3 10 104.42 Handed Over
12 Tin Can Island Port RoRo Comet Consortium Local Lead with Eurogate Int. and MSC Tin Can Islan Port Round 3 15 86.63 Handed Over
13 Lilypond ICD A.P Moller APM Terminals as Lead with local participation Lagos Port Complex Round 3 10 9.65 Handed Over
14 Onne FLT A Brawals Nigeria Limited Local Group Onne Port Directed Negotiation 25 16.66 Handed Over
15 Onne FLT B Intels Nig Ltd Local Group with International partners Onne Port Directed Negotiation 25 29.06 Handed Over
16 Onne FOT A Intels Nig Ltd Local Group with International partners Onne Port Directed Negotiation 25 38.13 Handed Over
17 Calabar Old Port Addax Limited
International Company with local base
Calabar Old Port Directed Negotiation 25 2.01 Handed Over
18 Calabar New 'A' Intels Nig Ltd
Local Group with International partners
Calabar New Port Directed Negotiation 25 2.51 Handed Over
19 Calabar New 'B' Ecomarine Ltd.
WestAfrican Group
Calabar New Port Round 4 10 30.03 Handed Over
20 Warri Old 'A' Intels Nig Ltd
Local Group with International partners
Warri Old Port Directed Negotiation 25 2.55 Handed Over
21 Warri Old 'B' Associate Maritime Services
Local Group with International partners
Warri Old Port Round 4 10 1.90 Handed Over
22 Warri Old 'C' Julius Berger Nigeria Limited
Local Sub.of an Int. firm with Bremenports
Warri Old Port Directed Negotiation 25 5.50 Handed Over
23 Warri New 'A' Global Infrastructure Limited
An Indian Group based in UK
Warri New Port Directed Negotiation 25 2.00 Negotiating
24 Warri New 'B' Intels Nig Ltd
Local Group with International partners
Warri New Port Directed Negotiation 25 6.60 Handed Over
25 Koko Port Gulftainer Bel consortium
Local Group with International partners
Koko Port Round 4 10 2.90 Handed Over