Work on IBISTEK’s multi-purpose on-dock terminal begins Jan. 2019

IBISTEK Limited will in January 2019 commence physical construction work for developing the multi-purpose Atlantic Terminal Services on-dock facility at Takoradi Port.

This followed the signing of a project management contract with Royal Haskoning DHV of the Netherlands for the provision of a technical advice and construction supervision in relation to construction of the one-million twenty-foot equivalent units (TEUs) multipurpose container terminal.

With signing the agreement, Ibistek is set to begin negotiations with world-acclaimed maritime infrastructure development group Jan de Nul toward signing the Engineering, Procurement and Construction (EPC) contract.

The Chairman of Ibistek, Mr. Kwame Gyan, signed on behalf of the company while Mr. Frederik Mabesoone, Director in charge of Business Development-Maritime and Aviation, signed on behalf of Royal Haskoning DHV.

The project, which is a joint venture between Ibistek and Ghana Ports and Harbours Authority (GHPA) under a concession agreement signed between the two in 2017, will develop dedicated port terminal facilities within Takoradi Port for handling containers and containerized cargo, and other multi-cargo commodities and related terminal services.

Under this development, the harbour basin will be dredged to create a deeper draft of 16 metres to hold Post Panamax vessels that can carry 22,000 containers at a time.

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A vast sea area will also be reclaimed for the development of five new berthing facilities as well as building a 1700 square-metre quay wall (a retaining structure used to dock floating vessels and transfer goods).

The multipurpose container terminal will also serve as a main transhipment point for cargo moving from Ghana to neighbouring landlocked countries.

Royal Haskoning DHV will provide technical advice and support in relation to all aspects of the project – which include management of all procurement processes for the EPC contract, and supporting all the necessary environmental assessments and plans for the project.

The company will also ensure compliance with applicable standards set by the International Federation of Consulting Engineers (FIDIC) as part of the risk management framework.

Chairman of Ibistek, Lawyer Kwame Gyan, stated that the company has raised the required equity and debt financing to complete the project on schedule.

“It is our hope that this project – apart from creating an opportunity for Ghana to influence transshipment trade within the West African sub-region – will also help to create opportunities for young people to be gainfully employed,” Mr. Gyan stated.

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