Uplift GPHA signs $1.5bn agreement to expand Tema Port

The expansion project which is scheduled to be completed in three years includes plans for the potential construction of additional terminal facilities, including bulk, liquid bulk and general cargo terminals, as global trade with Africa continues to accelerate.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

The Ghana Ports and Habours Authority (GPHA) and Meridian Ports Services, a joint venture between Bolloré Africa Logistics, APM Terminals have signed a 1.5 billion dollar agreement for the expansion of the Port of Tema.

The expansion project which is scheduled to be completed in three years includes plans for the potential construction of additional terminal facilities, including bulk, liquid bulk and general cargo terminals, as global trade with Africa continues to accelerate.

"We are excited about how this port will contribute to Ghana's future economy. Increased access to global markets is a key component of Africa's ongoing economic growth, and the new, world-class port development which begins here today will help to put Ghana, and all of West Africa at the forefront of African global trade," stated APM Terminals CEO Kim Fejfer.

"MPS is the quintessential example of a successful public-private venture between two European partners and the government of Ghana. By virtue of this project, along with the trust we place in Ghana's emerging economy, we extend our commitment through a major project that will help bridge Ghana's economy to the outside world under the most favourable conditions," said Philippe Labonne, CEO Bolloré Africa Logistics.

According to the Transport Minister, Dzifa Attivor who witnessed the signing in Accra, the project will enhance the efficiency of the Port.

The Minister for Transport, Dzifa Attivor who witnessed the signing in Accra said the project will enhance the efficiency of the Port and make it more competitive.

It will also provide employment for more than three thousand Ghanaians, officials say.

In a separate project, APM Terminals and Bolloré Africa Logistics will upgrade the current highway between Accra and Tema to a six-lane modern highway along with improved connecting roads and access point to enhance the movement of cargoes into and out of the port of Tema and the hinterland.

Download our mobile app today.

Android - Google Play Store

iPhone - Apple App Store

Recommended Articles

Recommended Videos




Top Articles

1 Watch Water leaks from hole in wall at new Kwame Nkrumah Interchangebullet
2 Kwabena Boadu One week of demise commemorated [Photos]bullet
3 His Excellency Top 10 John Mahama quotes that will shock youbullet
4 Election 2016 Weapons allegedly seized from an NDC sympathiserbullet
5 Judgement debt Supreme Court puts on hold Amidu's oral...bullet
6 Pulse Live Daily EC extends special voting exercise by a daybullet
7 Death hits Manhyia Otumfuo's mother reported dead at 109bullet
8 Presidential Debate Gov't has no jobs for you - Mahama to...bullet
9 Obinim "Police prevented me from facing Obinim" - Okomfo Yawbullet
10 Tsatsu Tsikata God delivered justice – Wife of Tsatsubullet

Top Videos

1 Kwame Nkrumah Interchange Water leaks from hole in wall at new Kwame...bullet
2 Woyome Judgement Debt Kweku Baako dances over Amidu's winbullet
3 Watch Kumchacha delivers Counselor Lutterodt from 'demons'bullet
4 Video Taxi driver terrified after an encounter with a ghostbullet
5 Obinim Pastor charged with assault; sent to CID Headquartersbullet
6 Video IEA Presidential Townhall 2016bullet
7 Elections 2016 Nana Addo holds conference in Kumasi ahead of...bullet
8 Meet Aisha the female mate who aspires to be a driverbullet
9 Obinim What happen'd when we fact checked Obinim's Bible...bullet
10 Night Life Some taxi drivers and their night driving...bullet

News