Business

Government urged to link TinCan port by rail

Government urged to link TinCan port by rail

The Federal Government has been urged to urgently link the TinCan Island Port in Apapa Lagos, with a rail system to ease evacuation of cargoes from the seaport to the hinterland.
 
The Group Managing Director, Sifax Group, Adekunle AbdulRazak Oyinloye, who disclosed this during a mid-year evaluation in Lagos, said the evacuation of cargoes has remained a major task for terminal operators in Lagos ports due to the deteriorating state of the roads.
   
According to him, the unfortunate situation is seriously affecting operations of terminal operators, adding that a number of the consignments that are delayed at the ports have no reason to be there if not for the bad road.
 
He lamented that “the nation has lost a substantial quantity of cargoes to neighbouring countries, but we at Sifax are ready to support the government to make sure that Nigeria recovers its pride of place in the comity of maritime nations,”
 
He, therefore, stressed the need to consider a rail link to TinCan port in other to increase efficiency and competitiveness.
 
Oyinloye, however, unveiled the company’s five-year strategic plan in its quest for future development.
 
He said: “We are constantly reinventing ourselves so that we can serve the public much better.
 
“We have constantly increased the number of bonded terminals, including the Mid-Maritime, Okota Terminals, among others while Ocean and Cargoes Terminal in Warri is set to come on stream soon. We have also established Sly Capital and Financial Allied Limited, a financial management firm.

“Another business coming on board is in hospitality and Mariot five star Hotel will be berthing in Ikeja by the first quarter of 2020.
   
“The Warri port is bouncing back and very soon you will begin to see shipping liners calling Warri port. 
 
“We are very encouraged with the support we received in Warri. We are currently rehabilitating the existing structure and we are hoping to bring it on stream soon.
 
“We have also massively invested in Logistics equipment in other to meet our rising demand.  New equipment to handle vessel berthing and many more will be delivered in the next few months to further reduce our turn around time,” he said.
Managing Director, Ports, and Cargoes, John Jenkins, said the company handled 130,000TEUs during the first six months of 2019, with expectations to hit 290,000TEUs by the end of the year.