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25.02.2020 Business & Finance

Takoradi Port Expansion: Dredging Works Starts On $500m Multi-Purpose Atlantic Terminal

Takoradi Port Expansion: Dredging Works Starts On $500m Multi-Purpose Atlantic Terminal
LISTEN FEB 25, 2020

Dredging Works have commenced on the $500 million Multi-Purpose Atlantic Terminal expected to pave way for the Takoradi Habour to increase its annual container capacity from the current 50 thousand to one million 20-foot-equivalent units of containers.

The integrated container and multi-purpose Atlantic Terminal Services is a build-operate-transfer project between IBISTEK, an indigenous firm and the Ghana Ports and Harbours Authority.

The dredging works begun this month with the arrival of the cutter suction dredger known as CSD Zhen He, and it is expected to be completed by April this year. The Chief Executive of IbisTek, Dr. Felix Nana Sackey, says the dredging, which is a key milestone for the project completion schedule re-enforces IbisTek's commitment to becoming the first indigenous major Port operator.

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Chief Executive of IbisTek, Dr. Felix Nana Sackey.

“As an indigenous company with a first time experience in the Port industry, you always have to prove that you can utilize the funds appropriately so that you can pay back; and so that is very significant in terms of the project development challenges that we went through, but finally we have proven to everybody that we are capable of managing those funds. We are hoping that the project would be completed before the planned commissioning which is the third quarter of 2021, and look at the long-term. IbisTek has plans of expanding the Port business to other sub-regional countries who have access to the sea where we can similar projects.“

Dr. Felix Nana Sackey also added that the first phase of the project which costs 210 million dollars is on track with some jobs already created for locals.

“The contractor currently already has almost 400 people on site who are Ghanaians, but as the project progresses, that number will increase and as you can see, once the dredging is done we are going to move to the next level which is the place of the blocks in the water, and that will bring in some more people in addition to what they have now. So employment at the end of the day, we are projecting to hit about four thousand at the peak.”

The Director of the Takoradi Port, Captain Ebenezer Afedzi, said the dredging of the Atlantic Terminal construction is crucial to the overall objectives of the Port.

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Director of Takoradi Port, Captain Ebenezer Afedzi.

“This project is very important to us because for years Takoradi Port has been deemed to be a port only for bulk mineral ore and container vessels and the rest were not coming here as we expected. The reason was our Port had the deepest draft of 10 meters. Now, this terminal we are building is going to have a depth of -16 meters chart-datum. When we complete, we can bring in ships of up to -16 meters. The quay length for the container terminal is about 800 meters which are almost equal to the length of the old port.”

Captain Afedzi, however, added that although the multi-purpose Atlantic Terminal Project upon completion would increase Takoradi Habour's annual container throughput capacity from the current 50 thousand to one million twenty-foot equivalent units(TEUs), it is rather impossible to just jump to that peak in the short-term, hence they're looking forward to at least 200 to 250 TEUs in the first year after completion.

The Jan D Nul Project Manager, Calin Andreescu, said all is set to deliver phase one of the project as anticipated.

“We started dredging in February. We have commenced cutting of the basin area to -16 meters and practically it will be a basin that will allow very big vessels to come to the area. We have also started cutting trenches for the quay wall at -18.5 meters which is 2.5 meters below the level of the basin. That will be the foundation for the quay wall. We are hoping to finish the dredging works by April this year,” he noted.

---citinewsroom

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