{"id":198401,"date":"2016-03-12T16:22:37","date_gmt":"2016-03-12T16:22:37","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=198401"},"modified":"2016-03-12T16:22:37","modified_gmt":"2016-03-12T16:22:37","slug":"maersk-group-to-boost-investments-as-it-marks-25-years-in-ghana","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/03\/maersk-group-to-boost-investments-as-it-marks-25-years-in-ghana\/","title":{"rendered":"Maersk Group to boost investments as it marks 25-years in Ghana"},"content":{"rendered":"
Maersk Group, a worldwide conglomerate that operates in some 130 countries, involved in a wide range of activities in the shipping, logistics, and the oil and gas industries, says it is committed to a long-term partnership with Ghana, and will thus boost its investments in the country.<\/p>\n
In his second visit to Ghana in less than 2 years, the Maersk Group Chief Executive Officer, Nils S. Andersen, revealed that Maersk is interested in playing an active role in Ghana\u2019s growth through investments in trade, infrastructure and energy.<\/p>\n
Maersk, through its subsidiary APM Terminals, is operating the current containers terminal Meridian Port Services (MPS) in Tema, in conjunction with some partners. \u00a0APM Terminals has now joined forces with its partners in MPS to invest some $1.5billion in expanding the Tema Port.<\/p>\n
Nils S. Andersen said this when he interacted with President John Dramani Mahama.<\/p>\n
\u201cTogether with our partners, we have committed $1.5billion to the expansion of the port in Tema which would create probably the largest and most modern terminal in sub Saharan Africa. This will enable Ghana’s trade for the coming decades, and support more efficient flows of exports as well as imports\u201d Mr. Andersen said.<\/p>\n
According to him, plans are far advanced for the project to kick-start, adding that currently, the design and tender for the construction of the new port is being finalized.<\/p>\n
\u201cWe are still waiting for the last approval of the final agreement with the authorities, but we have progressed quite far and we are very enthusiastic about the opportunities,\u201d he said.<\/p>\n
He later in an interview stated that,\u00a0“before any physical commences, we first have to sign the contracts for the construction and in order to do that, we are awaiting the final smaller details in the Public\/Private Concession agreement with the government. We hope that can happen quickly, so construction can start quickly.\u201d<\/p>\n
He said the construction of a new container terminal as part of the Tema Port expansion project will ensure a smooth transfer from the old container terminal to the new container terminal in the future to the benefit of the country.<\/p>\n