Tema Harbour Tema Port Expansion project sponsors tour project site

The executives from APM Terminals and Bolloré Transport & Logistics visited the site to inspect the progress of work.

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Executives from APM Terminals and Bolloré Transport & Logistics, the sponsors of the Tema Port expansion project, have toured the existing Meridian Port Services Terminal (MPS) inside Tema Port and the adjacent port expansion project site.

The executives from APM Terminals and Bolloré Transport & Logistics visited the site to inspect the progress of work.

The delegation Reviewing the operations of the MPS Container Terminal commended the management of MPS for the excellent operational performance.

READ MORE: Mahama launches Tema port expansion project

 

The executive delegation subsequently assured the Chief Executive Officer and management team of MPS of their respective shareholders continued support in investing in both human resources and technology to boost the terminal’s operational levels, which already ranks among the highest in Africa.

The project, the single biggest investment since the port was establish in 1962, is estimated to cost $1.5 billion.

The project, which is the biggest investment of the almost 70yrs history of the World Bank, would increase the capacity of the port thrice its current size is projected to be completed by the 4th quarter of 2019.

READ ALSO: GPHA to steer affairs of railway sector - Mahama

 

On the tour of the port expansion works, the team expressed satisfaction with the progress of work thus far.

The construction of the 3.85 km quay has gone 700 meters deep into the sea with 3 vessels operating on drilling, blasting and dredging to expedite work to meet the deadline. The expansion works which began in October 2016, is expected to be completed and opened up for operations by the fourth quarter of 2019.

Meridian Port Services (MPS) was awarded the contract for the construction of the Tema Port expansion project.

MPS signed a financing package with the International Finance Corporation (IFC), a member of the World Bank group.

 

In a related development, the delegation paid a courtesy call on President Nana Addo Dankwa Akuffo-Addo at the Flagstaff House.

READ MORE: We have the financial capacity to transform Tema Shipyard - GPHA

The global Chief Executive Officer of APM Terminals, Morten Engelstoft on his part observed that, motivated by the President’s vision, they were ready to partner Ghana.

 

"This project will make Ghana an economic giant and enhance its position as the maritime hub in the sub-region; a world class terminal plays an important role in Ghana reaching its growth ambitions," he said.

"I am proud to join hands with my partners APM Terminals and the Ghana Ports and Harbour Authority as we move along this promising path. Together, we are building one of the largest deep-water ports in West Africa," said Mr. Cyrille Bolloré, Chairman of Bolloré Transport & Logistics.

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