Description

The Project involves the development and operation of a new container terminal in the Port of Tema, approximately 20 miles east of Accra, Ghana. MPS has been working in Tema for over 10 years. The Project represents investments related to the first phase of the project and primarily consists of: (i) constructing a 700-meter quay for two container berths; (ii) creating a 70-ha yard; (iii) constructing a 3.5-kilometer breakwater; and (iv) dredging up to 16.9 meters. The Project is estimated to cost approximately USD1.4 billion. The project is financed by shareholders in MPS, Bollor Transport & Logistics, APM Terminals, Ghana Ports and Harbors Authority (GPHA), and IFCs loan. According to project documentation, IFC has committed USD 195 million A loan and USD 472 million B-loan.