MPS Makes Fund Available For Landmark Port Expansion

samara pixWork is expected to commence on the landmark Tema Port expansion by the second quarter of 2015 to enable it to accommodate larger container vessels and increase container handling capacity in line with its master plan.

The project is estimated to cost US$1.5 billion and funding will be provided by the Meridian Ports Services (MPS). No sovereign guarantee is required as part of the conditions outlined in the memorandum of understanding signed on Friday.

Meridian Port Services (MPS), one of the top container terminal operators in Africa, is a partnership between Ghana Ports and Harbours Authority (GPHA) and the Joint Venture of Bolloré Africa Logistics and APM Terminals as principal investors and the leading container terminal operators in the world.

Building on its success in transforming the Tema Port to be amongst the best in Africa, this JV has now taken another giant leap towards committing itself for expanding the Tema Port facility in order to prepare the nation for handling growth and providing a world class infrastructure to support the country’s economic growth.

The Director-General of GPHA, Mr. Richard A. Y. Anamoo, disclosed this at a news conference to outline progress made at the implementation of the Tema port expansion programme.

He explained that the project is expected to provide four deep water (16 meter)  berths, 1.2 kilometre breakwater and an access channel, a new quay with space to handle about 3.5 million boxes (20 footer containers) annually, and make it possible to accommodate larger vessels with high capacity equipment by December 2018.

“The project will also improve access roads to the Tema port by reconstructing the Accra-Tema motorway (24.7km) from the Tetteh Quarshie interchange into a six-lane traffic with slip roads and a dedicated road from the port to the motorway through Sakumono,” he said.

Mr. Anamoo said this would include utility services, power substations, operational customs facilities, security and information technology facilities.

He said the investments being made would position the Tema port ready to do business for the next 50 years.

Mr. Mohamed Samara, CEO of MPS said, “MPS has always understood that, to drive and operate an effective and efficient terminal, we need to use technology as the business driver”.

Last year, he said, had not only seen a huge increase in MPS’ waterfront capacity, but also gargantuan investments pumped into the terminal infrastructure to increase both the receipt and delivery efficiency levels for shippers easing doing business at the port.

“Aside the operational benefits brought by the investment, a tide of upgraded technical and information systems arrived as a huge boost to the Ghanaian talent pool,” he said.

Mr. Samara advised that, MPS would build a new modern port with four deep water berths and access channel, able to accommodate larger vessels with high capacity equipment, as well as undertake the development of the main motorway between Accra and Tema.

The new container terminal, he said, would have a capacity of 3.5 million TEU and the motorway will consist of three lanes in each direction.

Mr. Samara highlighted that besides is increasing the throughput capacity of Tema Port to adequately handle the country’s trade growth.

The project he said would create close to 5,000 jobs that contribute to the social security, national health, education schemes, superior infrastructures, modern equipment and advanced technology able to serve larger and deeper vessels, among others.

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