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Home Business Business News 201209

GPHA Gets $150m Chinese Loan To Expand Takoradi Port

04-Sep-2012
/ Business News, Business
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The Ghana Ports and Habours Authourity (GPHA) has signed a $150 million contract agreement with the China Habours Engineering Company (CHEC), for the first phase of the Takoradi Habour Infrastructure Development project.

The amount will cover the construction and extension of the breakwaters to reduce the intensity of wave action inshore, as a means of reducing coastal erosion.

The project would also see the construction of access roads to the port, a new bridge over the existing railway line and reclamation works.

Construction of quay walls, demolition of worn-out structures such as the Sawn Timber and Cocoa Sheds that had outlived their usefulness and the pavement of some key areas within the port would also be carried out.

The amount will also cater for the construction of a new security and fire service posts, new entry and exit gates, among other facilities.

The Director General of the GPHA, Mr Richard Anamoo, initialled for his organisation, while, Mr Yang Tao, General Manager of CHEC, signed on behalf of his outfit. The expansion project is being financed from GPHA’s share of the Chinese Development Bank (CBD) facility from the Chinese government.


Source: Daily Graphic

 

 
 

 

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