MSC Inks 45-Year Concession for Snake Island Port Terminal
- The Agreement: MSC has finalized a concession agreement lasting 45 years. This deal allows the shipping giant to invest in, build, and manage a dedicated container facility within the Snake Island Integrated Free Zone (SIIFZ) in Lagos.
- Strategic Location: Snake Island is positioned as a critical alternative to the congested traditional Lagos ports of Apapa and Tin Can Island.