01/01/01
$1.5 billion Investment in Ghana
APM Terminals, in partnership with Bolloré Africa Logistics and the Ghana Ports and Harbour Authority, will invest USD 1.5 billion in a massive upgrade of Tema, Ghana’s most important port. The new project consists of both a new greenfield port outside the present facility and a needed upgrade of the adjacent road network.
The Tema project was set into motion on June 12th at a formal signing ceremony held by His Excellency John Dramani Mahama, the President of the Republic of Ghana, and attended by APM Terminals CEO Kim Fejfer. The project includes four deep-water berths, a new breakwater and an access channel able to accommodate the world’s largest container ships, providing a world-class port infrastructure to support the country’s economic growth. The new infrastructure will add 3.5 million TEUs in annual throughput capacity to Tema Port, with more than 5,000 jobs created as a result of the project.
In November 2014, an initial Memorandum of Understanding was signed by MPS and the GPHA for the expansion plans. During the past five months, MPS and the Ghanaian government representatives completed contractual details, and finalized preparations for the project’s required design and engineering studies. The joint venture share is comprised of APM Terminals 35%; Bolloré 35%; and Ghana Ports & Harbours Authority 30%.
In a separate project, APM Terminals and Bolloré Africa Logistics will upgrade the existing road linking Accra and Tema into 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.
The Tema project was set into motion on June 12th at a formal signing ceremony held by His Excellency John Dramani Mahama, the President of the Republic of Ghana, and attended by APM Terminals CEO Kim Fejfer. The project includes four deep-water berths, a new breakwater and an access channel able to accommodate the world’s largest container ships, providing a world-class port infrastructure to support the country’s economic growth. The new infrastructure will add 3.5 million TEUs in annual throughput capacity to Tema Port, with more than 5,000 jobs created as a result of the project.
In November 2014, an initial Memorandum of Understanding was signed by MPS and the GPHA for the expansion plans. During the past five months, MPS and the Ghanaian government representatives completed contractual details, and finalized preparations for the project’s required design and engineering studies. The joint venture share is comprised of APM Terminals 35%; Bolloré 35%; and Ghana Ports & Harbours Authority 30%.
In a separate project, APM Terminals and Bolloré Africa Logistics will upgrade the existing road linking Accra and Tema into 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.