AP Moller Terminals, Oyo Govt in N3.2bn logistics hub partnership

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THE Management of A. P. Moller Terminals and the Oyo State Bureau of Investment Promotion are currently in talks over the establishment of a logistics hub in the state.

In an exclusive interview with Vanguard Maritime Report, the Chief Executive of the Bureau, Yinka Fatoki, said that the team from A. P. Moller have had series of meetings with officials of the state government adding that the container operations company is due to visit the site of the hub to carry out soil test on the land. Fatoki said that the project is also being used to placate the Erunmu community over the moribund status of the proposed Inland Container Depot, ICD.

He explained that the state government contributed twenty hectares of land for the project as part of its equity share. He stated: “The state government has formed a strategic partnership with A. P M.

Terminals to develop logistics hub in Erunmu. “It is an initiative to placate the community of Erunmu over the failed dry port proposed for that community.

“The concept is to have a logistics hub that will also have facilities of a dry port and the Government has given 20 hectares of land to the project. “A. P. Moller is bringing $9million (N3.2billion) to the table. They were in Ibadan a couple of days ago, they brought a team of consultants to carry out soil test of the terrain. “They will be coming back in two weeks but the projection is that the logistics hub will commence before the end of the year.”

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