Prez Mahama commissions $137m ship repair facility at Takoradi Port
The project, known as Project Shiprite, is being developed by Prime Meridian Docks Ghana Limited under a 25-year concession agreement with the Ghana Ports and Harbours Authority.
Takoradi Port in Ghana is set to host an $137 million floating dry dock and ship repair facility, transforming the region's maritime services hub in the Gulf of Guinea. Prime Meridian Docks Ghana Limited is spearheading Project Shiprite, a 25-year concession agreement with the Ghana Ports and Harbours Authority. Despite initial plans dating back fourteen years, the facility is now a reality, thanks to financial close secured by the developer.
Prime Meridian Docks Ghana Limited, backed by the Private Infrastructure Development Group (PIDG) and other investors, will fund an integrated ship repair and maintenance facility. Phase One is slated for completion within 18 months, generating annual revenues exceeding $50 million and creating over 450 jobs in its initial phase.
The project's completion will elevate Ghana to a world-class maritime hub in the Gulf of Guinea, bolstering regional trade and positioning the country as a key player in West African maritime transport.
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