Takoradi Port Expansion Project Is 98% Completed, Has A Cost Of $475 Million

Takoradi Port Expansion Project Is 98% Completed, Has A Cost Of $475 Million

  • The Takoradi Port Expansion Project in the Western Region of Ghana is near completion, with a few finishing touches to be applied
  • The entire project costs $475 million and will see land reclamation for the construction of five new berths that can accommodate very big boats
  • The construction project is spearheaded by Ibistek Ghana Limited, which is dredging the port basin to a depth of 16 meters

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The Takoradi Port expansion project is one of the mega projects that will transform Ghana when completed. The $475 million capital development initiative is a significant turning point since it is the first time a wholly owned Ghanaian company has worked on port development in the nation.

Takoradi Port
Takoradi Port. Photo credit: Maritime & Transport Business Solutions
Source: UGC

Ibistek Ghana Limited is building it. It will include dredging the port basin to a depth of 16 meters and land reclamation to make room for developing five additional berths that can accommodate massive vessels.

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Dredging takes place at the Takoradi Port
Dredging takes place at the Takoradi Port. Photo credit: @1darln
Source: Twitter

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The Atlantic Terminal at the Takoradi Port, which is slated to be the largest construction project in Takoradi Port history, will have a cargo holding capacity of 1,000,020 footer equivalent units (TEUs) when it is finished, which is an improvement over the annual average of 55,000 TEUs for container traffic.

A design of how the Takoradi Port will look upon completion
A design of how the Takoradi Port will look upon completion. Photo credit: @1darln
Source: Twitter

The first phase of the Takoradi Port expansion project kickstarted in 2019 following a withdrawal by the project's original financiers, the African Development Bank (AfDB). The project is now partially supported by the Africa Finance Corporation (AFC).

According to the project's manager, Mr Pascal Dumez, between 250 and 300 people will be hired for the project's construction.

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These initiatives, like the Eastern Regional Hospital and others, are intended to affect the nearby towns where they are constructed. The ongoing projects cost millions of dollars to build and are set to make Ghana a country with several massive infrastructures.

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Source: YEN.com.gh

Authors:
Richmond Setrana avatar

Richmond Setrana Richmond Setrana is a real estate editor for YEN.com.gh with 5 years of writing experience. He graduated from KNUST in 2016 with a bachelor’s degree in Sociology and is currently enrolled in a MA—Mass Communications program with Liverpool John Moores University. He has written for reputable platforms like meqasa.com, Noanyi, Edanra and Yourcommonwealth.org. He can be reached via: richmond.setrana@yen.com.gh