Tema Port Expansion Project Kicks Off
- Business & Finance
Construction works on the $1.5 billion Tema Port Expansion Project have officially started, according to the Ghana Ports & Harbors Authority (GPHA).
This capital development project, expected to be completed by the 4th quarter of 2019, is being executed by the Meridian Port Services (MPS), which is a consortium of three main institutions, Bolore Africa Logistics, APM Terminal and GPHA.
Contract for the construction of the Tema Port Expansion Project has been awarded to the China Harbor Engineering Company (CHEC) and AECOM professional services (Ghana).
In September, the International Finance Corporation (IFC) announced the availability of money allocated for the 1st phase of the project.
The new container terminal, located 30 kilometers east of Accra, includes an up to 1,000 meter quay, a yard for containers, a new breakwater and new access channel with a deep draft to accommodate some of the world’s biggest container ships.