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, Ghana.

“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.

“Port 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.