Transatlantic BDR contracted for $6.5b Tema City project

Transatlantic BDR contracted for $6.5b Tema City project

- Transatlantic BDR, an Atlanta, Georgia and Ghana based holding company has been contracted to build a new $6.5billion Sports, Tourism and Cultural Centre in Ghana

- The impressive undertaking of building a convention centre, hotels, and a FIFA certified stadium will enable Ghana to host major international events

- The project is privately funded  in partnership with the Ghana government

Transatlantic BDR contracted for $6.5b Tema City project

The project is expected to be one of Africa’s most strategic oceanfront attractions.

The City of Tema, supported by the government of Ghana has contracted with Transatlantic BDR, a leading United States developer to build a new $6.5billion Sports, Tourism and Cultural Centre in Ghana. The project is expected to be one of Africa’s most strategic oceanfront attractions.

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According to OPP.Today, the project, which is part of an overall regional economic development plan to grow international tourism, includes a 60,000-seat FIFA certified stadium along with residential accommodation, commercial and retail development targeting cross-border corporations and regional companies. The massive undertaking of building a convention centre, hotels, and a stadium will enable Ghana to host major international events

Dr Rashid Pelpuo, Rashid Pelpuo who is also the Minister of State at the office of the President in-Charge of Private Sector Development and Public Private Partnership expressed his  excitement and support for the project saying,  “I wish to express our support for this landmark development that will forever change Ghana and be a showcase for the future development on the continent of Africa.”

Isaac Ashai Odamtten, Tema Metropolitan Chief Executive also said: “We stand by a much more imposing duty to provide the needed interface for our Port and Industrial City and promote a liveable, smart city that offers an opportunity to live, work, and leisure in the city in the centre of the world. Indeed, a life changing and national transforming project is conceived.”

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The project will upgrade ailing infrastructure, including new roadways; a light rail system expansion; renewable energy; and a 6G wireless communication network, creating highly skilled job opportunities for Ghana’s educated workforce. Energy distribution is vital along with leveraging the latest in technologies via strategic partnerships with emerging technology companies in phasing out of legacy systems.

Uduak Udofia, Chief Executive Officer of TBDR explained that the project is privately funded  in partnership with the Ghana government. "It marks an aggressive outlook taken by the part of officials to establish the country as an international destination; not just for leisure but for global qualified investors and entrepreneurs to participate in the regions’ fast-paced economic growth. TBDR is cultivating a diverse partner and investor base for optimal success. Strategic investor and alliance options are available," he added.

TBDR is an Atlanta, Georgia and Ghana based holding company whose primary interests are in commercial real estate development. Its public-private partnership business model leverages emerging technologies to harness ‘best practices’ in its project development and management strategies.

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