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Tuesday, 07 July 2015

Pre-construction work begins at Ghana’s $1bn West African port

Construction firm China Harbour Engineering Company (CHEC) has commenced ground operations at Ghana’s $1 billion Atuabo Free Port project ahead of major building work starting in the fourth quarter this year.

The Atuabo oil & gas hub is due to be operational in 2017 and is part of a wave of investment into Ghana’s port sector. Investment in port infrastructure in West Africa has skyrocketed in recent years as oil and gas exports from the region have grown.

“Market assessment suggests substantial interest for a dedicated Oil & Gas Freeport in Ghana. The pipeline of tenants on the project is very strong,” Steven Gray, development manager for Atuabo commented.

The port will provide an 18.5 metre deep channel and three quays of depths from 9 metres to 16.5 metres which will serve dedicated industrial zones comprising Offshore Logistics, Subsea Fabrication, Rig and Vessel Repair, General Business Support Infrastructure and a Business Technology Park.

Port of Tema expansion grows

Development is also currently underway for another major port project with an expansion of Ghana’s Port of Tema. Danish operator APM Terminals recently increased the scope of its planned  expansion of at the port from $1 billion to $1.5 billion.

The deal will see APMT partner with Bolloré Africa Logistics (Meridian Port Holdings) and the Ghana Ports and Harbours Authority (GPHA) to deliver the project via a joint venture structure known as Meridian Port Services (MPS).

"MPS is a very successful private/public partnership which has brought global trade to local shores. APM Terminals looks forward to take the next step to drive the development of a world class port expansion which can serve the country of Ghana in the coming decades” Peder Sondergaard, regional head of APM Terminals Africa-Middle East said.

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