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GPHA to build $370m container terminal at Takoradi


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GPHA sings

By Isaac
Newton Tetteh GNA

Tema August 4, GNA – The Ghana Ports and
Harbour Authority (GPHA) has signed a contract for the construction of a
container Terminal at the Takoradi Harbour at the cost of 370 million dollars.

Mr. Paul Asare Ansah, Director-General, GPHA,
on Thursday told the media that Ibistek Ghana Limited (IGL) had shown
tremendous disposition to be able to execute the project amo

By Isaac
Newton Tetteh GNA

Tema August 4, GNA – The Ghana Ports and
Harbour Authority (GPHA) has signed a contract for the construction of a
container Terminal at the Takoradi Harbour at the cost of 370 million dollars.

Mr. Paul Asare Ansah, Director-General, GPHA,
on Thursday told the media that Ibistek Ghana Limited (IGL) had shown
tremendous disposition to be able to execute the project among other bidders.

He informed that the project would create 5000
direct and indirect jobs for Ghanaians adding that “the Agricultural
Development Bank (ADB) and the Ghana Infrastructure Funds (GIF) were the main
sources of funding for the project.

He said GPHA would use 15 years to pay back
the loan and 10 years for the development of the project, “and then the project
becomes a complete property of the Ghana Ports and Harbours Authority after 25
years.”

The Chairman and Director of (IGL), Mr.  Kwame Gyan, said his company was grateful for
the confidence GPHA had in his outfit.

He said, “Ibisteck Ghana limited is  a solely Ghanaian company which has the
capacity and experience in construction of container terminals across the sub-
region, and I am optimistic we will execute a good job.

GNA


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