BusinessInvestments

MPS boosts terminal capacity for transhipment

3 Mins read

The MPS Terminal 3 has received a major boost with the expansion of its terminal capacity to support more transshipment operations at the port.

With this improved handling capacity and a comparative advantage with the world-renowned transhipment hubs; MPS has put Ghana on the map in the maritime sector thus making a strong case for recognition as the hub of West Africa.

“This state-of-the-art terminal and its enhanced capacity are purposely aimed at catering for the anticipated volumes increase (AfCFTA and Transhipment) that will come in as more shipping lines realise the added value that MPS Terminal 3 contribute to their market range and share of the West African trade volume” said Mohamed Samara, MPS’ Chief Executive Officer.

For him, the container shipping industry is rapidly transforming, and it takes those who are keen on staying ahead to respond to this evolution and realise how much they can harness from what is developing around them.

Ghana and the industrial port city of Tema presents huge potential for growth in the maritime sector as it is poised to attract more business as general trade and industry picks up in the country.

Readiness for AfCFTA take off

From the onset, MPS has invested in nation’s economic growth and connectivity to the world and for many years to come with obvious knock-on effect on the region’s economy.

The new port facility is taking Ghana’s leadership in the maritime sector one step further and positions it as an economic power and a leading economy in Africa, scaling up growth and employment in Ghana as well as within the whole Western African region.

Come next year in January 2021 when trading officially begins on the AfCFTA platform, Ghana is already ready in the area of logistics and specifically port infrastructure. The added capacity that will be present by the completion of the 4th New Berth during the 2nd half of 2021, a year ahead of schedule, will further boost Tema Port’s capabilities to contribute to the success of AfCFTA.

Being one of the strongest emerging economies in West Africa (2nd largest) with a sturdy growth rate and burgeoning youthful population, many industrial companies have taken advantage and started to set up shop in Ghana to prepare for their penetration into the wider African market. This is bound to be a game changer for the model maritime nation.

Building capacity for the industrial city of Tema

MPS and EIFFAGE Génie Civil reached an agreement on December 15, 2020 to extend the original FIDIC Yellow Book Contract to include the Land Works for the 4th New Berth of the MPS Terminal 3 (part of Phase 2 of the Tema Port Expansion Project.

Over the past two years, EIFFAGE has devoted its effort to complete Phase 1 of the Tema Port Expansion Project and successfully laid 41.5 million pavement blocks on the first 98 of the 127 Hectares on land reclaimed from the sea. The works included drainage, waste-water treatment plant, water & fire hydrants, electrical and IT fibre networks, 1400 reefer container plugs and a 12 MW back-up power plant.

The marine works for Phase 2 were completed back in July 2020 by China Harbour Engineering Company (CHEC) 2 years ahead of schedule and the land civil works FOR THE 4TH New Berth are set to be completed in September 2021 which is 9 months ahead of the MPS contractual commitment.

During the contract exchange meeting, the Contract Manager of EIFFAGE, Mr. Mohammed Juma, revealed that this contract extension entails building the yard from the reclaimed land level by the marine contractors (that is the subbase level) to the final pavement including the formation of pavement layers with all the required data-networking, electrical, drainage, lighting and mechanical services etc.

The Land Works covers 4.2 ha right at the terminal’s waterfront (400m along the quay wall by 105m deep into the yard) stretching the MPS Terminal 3 quayside to 1,400m at dredged level of -16.90 m CD which will make the 4th New Berth fully operational (400m long).

Upon successful completion, the estimated total annual handling capacity of the MPS Terminal 3 will be in the range of 2.5 million TEUs where the actual volume handled in 2020 is in the range of 1.2 million TEUs.

Related posts
AfricaBusinessCovid-19EconomyHeadlineTechnologyWorld

Ernst & Young, Microsoft collaborate on digital vaccine management system

2 Mins read
Georgia, Tennessee and Oklahoma are among the states that will distribute and schedule their COVID-19 vaccine reserves using a new digital vaccine…
Covid-19EconomyHeadlineInvestmentslocalTravelTravel News

Cabinet grants approval for National Airline – President Nana Akufo-Addo

1 Mins read
President Akufo-Addo has revealed that Cabinet has granted policy approval for the establishment of a National Flag Carrier (Home Based Airline) with…
Business LoansCovid-19EconomyEntrepreneursfinanceHow To SpendInvestments

BoG unveils regulatory framework for crowd-funding

4 Mins read
One of the newest forms of financing small enterprises and projects – one which is generating huge successes all around the countries…

Leave a Reply

Your email address will not be published. Required fields are marked *