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SIGNS
Mou For Takoradi Port
Global ports and container terminals operator, YILPORT Holding, has announced the signing of an MoU to operate the Takoradi Port in Ghana starting from April 2023. The agreement was signed in Istanbul, Turkey by YILPORT Holding’s chairman and CEO, Robert Yuksel Yildirim, and Takoradi Port’s operating company Ibis Tek’s chairman, Kwame Gyan and director Nana Yaw Boahene.
The signing ceremony was attended by Ernest Yaw Amporful, deputy head of mission at the Embassy of Ghana in Turkey.
YILPORT and Ibis Tek will establish a joint venture company of YILPORT Takoradi Port Management Company on 70-30 basis respectively to invest in and operate the Takoradi Port. The project scope is to develop the existing container terminal in three phases to reach up to 2.25 million TEUs annual capacity. The joint venture company, under the vision and management of YILPORT, will also develop multipurpose berths for liquid, bulk, and general cargo operations for about 20 million tons annual handling capacity.
YILPORT plans to build new access roads and gate facilities for Takoradi Port, in order to increase handling capacity and avoid traffic congestions. The plan is to invest more than US$700mn in three phases to build and operate a state-of-the-art port complex. They will also have Tacotel Inland Terminal and Marshall Oil Jetty Terminal. Yilport plans to build a tank farm to handle 2.5 million tons of liquid products annually.
The company will expand the total length of the berths to 2.5 km and deepen the draft between 14 m and 16.5 m. This new deepsea terminal will serve the West African corridor cargo in Ghana and Burkina Faso, Mali and Niger. YILPORT is expected to take over operations in the second quarter of 2023.
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