$350m Tema LNG terminal deal sealed in China
Tema LNG Terminal Company Ltd. on Sunday, September 2, 2018, signed an agreement with China Harbour Engineering Company, for the construction of a Liquefied Natural Gas (LNG) Terminal to be sited in Tema. Tema LNG Terminal Company Ltd. is an entity controlled by Helios Investment Partners, the world’s largest Africa-focused private equity fund.
APM Terminals signs MoU with Ghana
The construction of the new port and logistics hub in Tema will have huge benefits for the Ghanaian economy and the livelihoods of Ghanaian people when opened in 2019. As part of the port master plan, APM Terminals Inland Services Africa has signed a Memorandum of Understanding (MoU) with The Government of Ghana, and the non-profit road safety organization Amend to ensure port access roads and highways that will handle the inland transportation are safe and able to handle increased traffic flow. APM Terminals Head of Africa Inland Services Peter Jakobsen, based in Ghana, attended the signing ceremony and said, “We wanted to start this road safety initiative proactively with our customers and our partners before our new port opens in 2019 to prepare the country for future growth in cargo volumes and new inland distribution patterns. We have a lot of expertise and best practices in this area from our work with other customers and countries so our partnership with Amend – an Africa road safety specialist- promises to deliver the critical results necessary to protect people’s lives and ensure Ghana’s supply chains succeed.”
Port of Tema undergoing major expansion works
The port of Tema, located in Tema, Ghana, is undergoing major expansion works in order to triple its handling capacity. A consortium of Ghana Ports and Harbours Authority (GPHA), APM Terminals and Bollore Africa Logistics known as Meridian Ports Services (MPS) will be responsible for executing the $1.5bn project.. The port expansion works form part of GPHA's wider development plan, which includes a 35-year concession agreement signed in 2004 for the port's refurbishment. Construction works on the expansion began in October 2016, and the project is expected to be completed by the fourth quarter of 2019. The refurbishment works are expected to boost the port's cargo handling capacity to approximately 3.5 million twenty-foot equivalent units (TEUs) and facilitate the accommodation of large container ships. They are also expected to create roughly 1,000 jobs during construction and 5,000 direct jobs once fully operational. http://www.ship-technology.com/projects/port-of-tema-expansion-temaUpload News