Yilport said it plans
to invest over $700m in three phases to build and operate a port complex. The
project scope involves developing the existing container terminal to reach up
to 2.25m teu and multipurpose berths for liquid, bulk, and general cargo operations
for about 20m tons annual handling capacity. Building new access roads and gate
facilities for the port is also being considered. The port operator will also
have a container handling facility 2 km away from the port and Marshall oil
jetty terminal, with plans to build a tank farm to handle 2.5m tons of liquid
products annually.
Takoradi will be the
23rd terminal in Yilport’s portfolio. The company will take over the port in
April and expand the total length of the berths to 2.5 km and deepen the draft
between 14 and 16.5 m. The new terminal, which mainly exports cocoa, timber,
bauxite, and manganese but also imports wheat, fertilizers, clinker and general
cargo, will serve the West African corridor cargo in Ghana and Burkina Faso,
Mali and Niger.
“Takoradi Port will be
Yilport’s first step into the African continent, and it will be a gemstone in
our vision to rank among the top 10 global container terminal operators by
2030,” said Robert Yuksel Yildirim, chairman and CEO of Yilport Holding.