Loan to LCT to build a container terminal in the Port of Lomé to serve the entire region

Lomé Container Terminal (LCT) is the operator of a container terminal in the Port of Lomé in Togo, under a 35-year concession signed with the Government of Togo. The project promoter, a 100% shareholder of LCT, is the group Global Terminal Limited (GTL)/ International Limited (TIL), the 6th largest port operator in the world, which owns over twenty port terminals on the five continents.

Proparco’s loan will contribute to financing the construction and operation of a container terminal in the Port of Lomé. This terminal, with a target capacity of 1.5 million TEU (twenty-foot equivalent units), will mainly be dedicated to a transshipment activity on behalf of the maritime carrier MSC. It will act as a hub port to more effectively serve secondary ports in the subregion. The total project amount stands at EUR 352m, with 28% financed by equity and 72% by senior debt.

This project will reduce shipment times for goods and facilitate regional trade, thereby contributing to the economic development of the region. It should create and maintain 670 direct jobs and generate EUR 5m of direct annual income for the State. The project will also contribute to disseminating SER good practices (measures for the management and conservation of turtles in particular).