BUA Group says it is investing about $85 million to expand its Ports and Terminals facility in Port Harcourt. The company’s expansion plan is intended to increase the volume of imported raw materials the facility can handle, with BUA targeting more than two million tonnes annually. Both outlets report that the project is tied to BUA Port Investment activities and expects growth in cargo volumes and related revenue as handling capacity rises. The Nigerian Ports Authority (NPA) is also referenced as expecting double-digit cargo and revenue growth linked to the BUA expansion. The reporting frames the $85 million as capital for upgrading or expanding the Port Harcourt operations rather than a change in port ownership. Overall, the sources present the expansion as a capacity and logistics investment aimed at supporting BUA’s supply chain and increasing throughput for imported inputs at the Port Harcourt port area.
BUA invests $85m to expand Port Harcourt ports for over two million tonnes of imports
BUA Group says it is investing about $85 million to expand its Ports and Terminals facility in Port Harcourt. The company’s expansion plan is intended to increase the volume of imported raw materials...
- BUA Group invests about $85 million to expand its Ports and Terminals facility in Port Harcourt.
- The expansion is aimed at handling more than two million tonnes of imported raw materials annually.
- The project is linked to BUA Port Investment activities.
- The Nigerian Ports Authority expects double-digit cargo and revenue growth associated with the BUA expansion.
. . . NPA expects double-digit cargo, revenue growth from BUA Port Investment – Dantsoho By Godwin Oritse BUA Group has said it is investing about $85 million in the expansion of its BUA Ports and Terminals facility in Port Harcourt as it prepares to handle more than two million tonnes of imported raw materials […] The post BUA targets 2 million-ton imports with $85m port expansion appeared first on Vanguard News.
9 hours agoBUA Group commits $85m to expand its Port Harcourt Ports and Terminals facility, aiming to handle over two million tonnes of raw materials annually for BUA Read More: https://punchng.com/bua-commits-85m-in-pharcourt-ports-expansion-project/
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