At the commissioning of Lagos' Apapa Container Terminal (ACT), President Umaru Musa Yar'Adua of Nigeria told concessionaires that if they didn't invest in port operations they'd risk sanctions from the Nigerian government Yar'Adua, who praised APM Terminals' approach at Apapa, warned other operators who "hadn't lifted a finger except to make money" that they were in for "a rude awakening." APM's invested over $75M in modernising and expanding Apapa, improvements including four reconditioned Panamax cranes that have doubled ACT's handling capacity. Monthly container traffic also almost doubled in 2007 from 22,000teu to 42,000teu, vessel calls rose 20% and volume growth's projected at 20%.
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