APM Terminals has been selected as the preferred bidder to operate a 25 year concession at the Port of Monrovia by the Government of Liberia following the completion of the preliminary rounds of the public tender process.

The announcement of APM Terminals as the Preferred Bidder for the Port of Monrovia concession was made by the Government of Liberia’s Inter-Ministerial Concession Committee (IMCC) on March 11th. APM Terminals was among several companies responding to a public tender issued by the Government of Liberia in December of 2009 for the rehabilitation of the Port of Monrovia’s existing Marginal Wharf, development of container and general cargo operations in the terminal, and to assume responsibility for marine services throughout the port.

The project, which has the support of the World Bank, among other institutions, calls for construction of a new quay wall and berth, the implementation of more efficient yard handling procedures and the installation of new equipment to transform the port into a regionally-competitive, world-class port capable of handling modern, deep-draft vessels serving the West African trade lanes.

APM Terminals, which will invest approximately USD $120 million over the 25-year concession term, will be working closely with the IMCC, Port Sector Reform Program and the National Port Authority as the formal agreement is concluded to ensure a smooth and efficient transition.