Home News Africa Adétikopé Industrial Platform (PIA), the first of its kind in Togo, inaugurated

Adétikopé Industrial Platform (PIA), the first of its kind in Togo, inaugurated

President Faure Gnassingbé, recently inaugurated Adétikopé Industrial Platform (PIA), the first of its kind in Togo, locatd in Adetikopé approximately 15 kilometers north of Lomé, the capital of the West African country.

Developed on over 400 hectares piece of land through a joint venture company formed by Arise IIP and the Government of the Republic of Togo, the PIA features an industrial zone a parking lot for 700 trucks, storage space for 12,500 TEU containers, unloading and transfer warehouse, a storage unit where cotton and other agricultural commodities will be kept and 200,000 m2 area dedicated to other logistics activities.

Also Read: SMEC awarded contract for phase two of Kenya’s Tatu Industrial Park project

The platform also has its waste treatment plant, a police station, a firefighter casern, and a single administrative desk, regrouping all services and agencies (immigration, customs, and business registration, among others).

Expectations for the industrial platform

Representing a total investment of over US$ 245m, the project arose from the desire to curb losses incurred by the West African country due to the exportation of raw commodities produced, paired with a need to generate added value for the country by investing in local processing.

According to Gagan Gupta, the Chief of Arise IIP, owing to the recently launched industrial platform, Togo’s exports should jump in value from US$ 75M to approximately US$ 1bn, a 12-fold increase.

“This would be the first increase in value ever witnessed in the continent,” said Gagan Gupta adding that production of soybeans, wood, marble, or electric engines, should also grow enormously.

The PIA is expected to create approximately 35,000 direct jobs in the next 48 months and millions of direct and indirect jobs by 2030.

100

If you have a remark or more information on this post please share with us in the comments section below

LEAVE A REPLY

Please enter your comment!
Please enter your name here