newsghana.com.gh 20 Nov, 2016
The $1.5billion Tema Port expansion project which is considered as the biggest investment of the almost 70yrs history of the International Finance Corporation (IFC), is expected to be completed by the 4th quarter of 2019. It is being executed by the Meridian Port Services (MPS), which is a consortium of three main institutions, Bolore Africa Logistics, APM Terminal and GPHA. The expansion is expected to increase the capacity of the port to three times its current size. Meridian Port Services (MPS) subsequently awarded the contract for the construction of the project to the China Harbour Engineering Company (CHEC) ltd. and AECOM professional services (Ghana) ltd for the physical construction. The entire financing has been by the GPHA and its partners, Meridian Port Services (MPS).