Construction of an ultra – modern on-dock container and multipurpose terminal at the Takoradi Port is underway. The President of the Republic of Ghana, H.E Nana Addo Dankwa Akuffo Addo yesterday, cut sod for construction works of the facility.
The GPHA and IbisTek executed a concession agreement in August 3, 2017 to undertake funding and development of the Takoradi Port without any recourse to GPHA for financial assistance nor government’s guarantee. The facility is known as the Atlantic Terminal Services (ATS) and would cost a total of $370 million. When completed the GPHA and IbisTek will own a 30 and 70 percent share respectively.
The container and multipurpose terminal will have the following features in its development; a 510,000sq/m of total terminal operations area, 790m of quay wall with dredged depths of 16m Chart Datum [CD] to handle new Panamax Container vessels of 360 m long with 52m with (capable of carrying more than 13,000 containers. It would also have a 900m quay wall with dredged depths 14 CD for multipurpose vessels for the handling of general cargo of all kinds, equip the port the state of the art operating equipment to include ship-to-shore cranes, rubber-tyre gantry cranes, mobile harbor cranes, reach-stacker, forklifts and terminal tractors and trailers. A terminal operating offices and maintenance yard with effective security control systems would also be built.
President Nana Addo in his remarks at a sod cutting ceremony held at the Takoradi Port yesterday, expressed satisfaction with the collaboration in improving the capacity of the port. He argued that expansion and modernization works at several African ports must compel Ghana to do same to meet global competitive trends and operations.
“Port expansion, port modernization taking places in Cote D’ivoire, in Togo, Benin, in Senegal, in our region impose upon us, a need for us to also modernize our infrastructure and enhance our poor capabilities and capacities. And in order to further our goal of creating a competitive economy which can generate jobs and create wealth for our people”, he said.
President Nana Addo is convinced the drive by local enterprises and state agencies is evident of the dream of building Ghana beyond aid.
“Ghanaian enterprises and entrepreneurs have taken very prominent role. We are looking from the promoters of the concession IbisTek, to the banks led by Calbank, supported also by the Ghana Infrastructure Investment Fund, one of the key constructors Justmoh. These are all important Ghanaian elements in this development. They have come together with a well- known Israeli Amandi to create this entity. And it tells us one thing above all… Is that I am confident that those who have grown the project this far will be very capable of managing it efficiently. But it tells me one thing, and that is that the project of Ghana Beyond Aid is within reach”, he explained.
Acting Director of the Ghana Ports and Harbours Authority, Edward Osei commended IbisTek for taking the initiative to fund and develop the Takoradi Port. He posited that the intervention would make the Takoradi Port a competitive one in port operations within the sub-region.
“This project is intended to make the port of Takoradi more competitive with other ports in the sub region, and to play a pivotal role in Ghana’s economic development. I can assure you that we at GPHA will give IbisTek every support that they will need”
For his part, Minister of Transport, Kwaku Ofori Asiamah contended his ministry has been very responsive and proactive in seeking development of the Takoradi Port to meet global and competitive standards. He averred IbisTek’s intervention is exemplary and therefore urged other local firms to follow suit in the development of the country.
Mr Asiamah hinted that a dry-dock project would soon be undertaken at the Takoradi Ports, as part of the port expansion project, this year. He disclosed that a 150 million euro facility from the World Bank is being secured to fund the project.
“Another project which will soon come on as part of the Takoradi expansion project is the dry dock project, which through the worldbank facility, we have been able to secure an operator and negotiations is almost at the tail end. And I can assure you that from August Sea Invest is going to invest about 150 million euros as part of the development project at Takoradi Port”, Hon. Asiamah emphasized.
Chairman for IbisTek, Kwame Gyan assured the president to work within schedule in fulfilment of expectations and proof of their commitment to chart a new course in Ghana’s port operations.
“Mr President, on behalf of team IbisTek, I pledge our unwavering commitment to delivering a state of the art port which will compete favorably with any modern port anywhere in the world. We will fulfill our vision and promise to deliver Atlantic Terminal in good time”, he intimated.