Maritime Reforms Attracted Fresh $50m PTML Investment – Oyetola

The minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has said that ongoing reforms in Nigeria’s maritime sector are attracting fresh investments, following the announcement by Port and Terminal Multiservices Limited (PTML) of a proposed $50 million expansion project.
Oyetola stated this on Wednesday in Abuja when he received the managing director of PTML, Ascanio Russo, who led a delegation from the company to the minister’s office.
PTML, a member of the Grimaldi Group, unveiled plans to invest $50 million in expanding its terminal facilities at the Tin Can Island Port Complex in Lagos.
According to Russo, the investment will focus on increasing the terminal’s berthing ca...