Expansion of Ghana’s Tema Port Starts in October

Image Courtesy: APM Terminals

Construction works on the USD 1.5 billion Tema Port expansion project are expected to commence on October 1, 2016, according to Ghana Ports and Harbours Authority (GPHA). 

Meridian Port Services (MPS), a joint venture between APM Terminals, Bolloré Africa Logistics (Meridian Port Holdings) and the Ghana Ports and Harbours Authority (GPHA), has awarded the contract for the expansion of the port to the China Harbour Engineering Company and AECOM.

The Tema project will result in four deep-water berths, a new breakwater and an access channel able to accommodate the world’s largest containerships, according to APM Terminals. The expansion works will add 3.5 million TEUs in annual throughput capacity.

The new project consists of both greenfield port outside the present facility and a needed upgrade of the adjacent road network.

Scheduled to be completed by the fourth quarter of 2019, the project is expected to expand trade flows and links across West Africa, GPHA said.

The immediate cash-flow need for the project realization is USD 1 billion. MPS has signed a USD 667 million financing package with the International Finance Corporation (IFC), a member of the World Bank group, while the MPS shareholders will provide the rest of the funding amounting to USD 333 million.

Back in November 2014, MPS and GPHA inked an initial memorandum of understanding (MoU) for the expansion plans.

In June 2015, MPS formally signed an agreement to invest USD 1.5 billion in the new port and logistics hub in Tema.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 1 2 3 4 5

9th Annual Coasts and Marine Structures 2017 Conference

Discover Best Practise Strategies for Design, Planning, Construction and Asset Management

To remain competitive, Australian port operators must plan, design, manage and maintain their assets more creatively and proactively to meet future demands and drive profitability.

With this in mind, the Coast and Marine Structures Summit 2017 will focus on key considerations relevant to ensuring your existing assets are maximised and prepared to accommodate bigger vessels.

Hear from 20+ global experts including Maritime/Coastal Engineers, Contractors, Port Authorities and more, including GHD (USA), Indonesian Port Corporation (Asia), G-Group Consulting (New Zealand), Ausenco (Australia), Port Authority NSW (Australia), to name a few.

By attending this 2-day conference, you’ll learn about:

– Innovative planning and design of ports to create efficiencies that drive profit
– Best practice asset management strategies and new PIANC design principles for bulk terminals
– Proactive asset management and maintenance to improve durability and maximise and extend asset lifecycles
– Alternative material and protection techniques trialled and tested in the US and Europe
– Strategies to shift organisational culture and mindset from asset management to asset maintenance
– How you can leverage technology to increase the efficiency of your marine structures
– Case studies on retrofitting, expanding and upgrading your ports in cost-effective ways

More info

read more >

European Shipping Week 2017

European Shipping Week is intended to be a platform where policy-makers from the main EU institutions will meet and engage with European…

read more >

SNS2017 – The Southern North Sea Conference & Exhibition

EEEGR’s flagship Southern North Sea conference is the most important event for the energy sector in the East of England…

read more >

Seatrade Cruise Global

For more than 30 years, Seatrade Cruise Global has been the leading international exhibition and conference serving the cruise industry…

read more >