June 15 2015 0Comment

APM Makes Huge Investment in Ghana

APM Terminals, in partnership with Bolloré Africa Logistics and the Ghana Ports and Harbor Authority, will invest $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 – set into motion Friday with 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 – will result in 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.

This will add 3.5 million TEUs in annual throughput capacity. More than 5000 jobs will be created as a result of this 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.