Construction work on what will be west Africa�s deepest port has been pushed back to the third quarter of this year. The investor was unable to push the Nigerian government to allow fast-track enactment of legislation that would have allowed work to begin this month. The $1-billion Lekki Port project, located 60 kilometers east of the city of Lagos, will feature a 1.5-km-long quay, an 8-km approach channel, 19.5-km channel depths, and a 560-m turning circle, making it the first deepwater port in west Africa to handle over two million 20-ft-equivalent containers a year, plus two liquid berths and one
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.