PROJECT

Projects

Summary of Investment Information

Project Number

36706

Company Name

MERIDIAN PORT SERVICES LIMITED

Date SPI Disclosed

Oct 19, 2015

Country

Ghana

Region

Africa

Projected Board Date

Dec 21, 2015

Environmental Category

A - Significant

Status

Active

Last Updated Date

Jun 14, 2018

Department

Regional Industry - INF Africa

Industry

Infrastructure

Previous Events

Approved : Mar 17, 2016
Signed : Jun 27, 2016
Invested : Jun 12, 2018

Sector

Port and Harbor Operations

Project Description

The Project involves the development and operation of a new container terminal in the Port of Tema, approximately 20 miles east of Accra, Ghana. MPS has been working in Tema for over 10 years under a concession dated 17 August 2004, and has signed an amendment to the Original Concession on 12 June 2015. The Project represents investments related to Phase 1A under the Deed of Amendment and primarily consists of: (i) constructing a 700 meter quay for two container berths; (ii) creating a 70 ha yard; (iii) constructing a 3.5 kilometer breakwater; and (iv) dredging up to 16.9 meters.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation