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APM Terminals, GPHA partner in $1 bn investment to grow Tema Port

Ghana’s Tema Port
is working fast to becoming a hub port in the sub region as APM Terminals,  Bolloré
Africa Logistics and the Ghana Ports and Harbours Authority(GPHA) invest 1
billion Dollars for infrastructure development at the port.

Partners on the
project, Meridian Port Services, a joint venture between APM Terminals (35%)
Bolloré Africa Logistics (35%) and the Ghana Ports and Harbour Authority (30%) are
certain that the new infrastructure would drive growth of Ghana’s economy as
companies would be able to compete for business in a most cost-effective way.

APM Terminals
confirmed in a statement on Tuesday that “All 7 ship-to-shore and 20 RTG
ultra-modern gantry cranes have arrived for installation in the Port of Tema,

“These are one of
the final pieces of a $1.0bn investment by APM Terminals and its partners in
Meridian Port Services (MPS), Bolloré Africa Logistics and Ghana Ports &
Harbours Authority.

“With crane
commissioning and operator training now taking place, the Port is on schedule
to open on June 28 this year.”

Clear on the
projection for completion and take-off, APM Terminals said: “The breakwater and
access channel, able to accommodate the world’s largest container ships, and
the first 2 deep-water berths are expected to be able to receive commercial
vessels by the end of June 2019.

infrastructure for receiving and delivering containers from/to shippers and
consignees will also be ready. The third new berth will be operational in the
first quarter of 2020, ahead of the scheduled completion in June 2020. A fourth
berth will follow bringing the quay length to 1,400 m.”

APM Terminals said
that the existing container facility, operated by MPS since 2007, has reached
maximum capacity, and noted that with the new infrastructure annual throughput
capacity would hit 3.5 million TEUs.

It added that “MPS’s
terminal efficiency, accessibility, variety of shipping lines, frequency of
vessel calls, fast vessel turnaround time, high port capacity and berth availability
are the optimal criteria for making Tema Port, The Hub Port for Africa.

“Having a Hub Port
in Tema will steer Ghana Industry to be connected to the wider West Africa
consumer markets in a more efficient way (direct services or shorter transit
time and competitive sea freight rates).”

More than 5,000
jobs have been created as a result of the project, according to the statement.

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