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APM Terminals invests $1bn on expansion of Ghana port

APM Terminals has signed a $1 billion MoU to add
four deep-water berths to the Ghanaian port of Tema, increasing capacity to 3.5
million TEU per annum.
deal, agreed between the Government of Ghana and Joint Venture Company Meridian
Port Services (MPS) – made up of APM Terminals, Bolloré Africa Logistics (a.k.a
Meridian Port Holdings), Ghana Ports and Harbours Authority (GPHA) – includes
the dredging of the port’s access channel as well as the aforementioned berths.

a six-lane highway is to be constructed between the port at Tema and the
interior port of Accra.
throughput at MPS, which handles 80% share of Tema’s cargo, was 670,000 TEU in
2013, the expansion would increase annual capacity at the port to 3.5 million
MPS began in 2007, $145 million has been invested in the port, and the Ghanian
Government proposed port upgrade and expansion program to improve rail and
roadway connections and expand capacity.
is a very successful private/public partnership which has brought global trade
to local shores,” said regional head of APM Terminals Africa-Middle East, Peder
Sondergaard. “APM Terminals looks forward to take the next step to drive the
development of a world class port expansion which can serve the country of
Ghana in the coming decades.”
chairman Alhaji Banda said: “I’m extremely proud to participate in this
historic ceremony graced by His Excellency the President, to witness the
signing of the MOU for the development of a new container terminal within the
GPHA master plan for Tema Port.
indeed demonstrates the level of commitment that His Excellency has to the Tema
Port Development, which acts as a real economic driver for the country and the
Sub-Saharan Region.”
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