Mediterranean Shipping Co. will be the anchor customer of a new terminal at the Port of Lome, Togo, with annual capacity of 1.5 million 20-foot equivalent units, according to a published report.
MSC will bring most of its West African cargo through the planned $84.9 million terminal, located at one of the few deep-water ports in Western and Central Africa, according to Dredging Today.
The port, which has annual capacity of about 221,000 TEUs, serves as an entry point for landlocked Mali, Niger and Burkina Faso, along with northern Nigeria.
The terminal has the potential to spur the West African shipping market to be more efficient and encourage other ports to improve their operations to stay competitive, the report said.
The African Development Bank's board of directors recently approved the $84.9 million loan needed to build the terminal.