The Vice President, Dr. Mahamudu Bawumia, yesterday commissioned the Liquefied Bulk Terminal (LBT) and also cut the sod for a Bulk Jetty Terminal (BJT) at the Takoradi Port. The LBT is a component of the infrastructural changes ongoing at the Takoradi Port.
The LGT can take a maximum of 60,000 tonnes of petroleum weight, and is expected to serve as a transit point for petroleum products to neighbouring Africa countries. Additionally, it is also expected that it would meet 50% of domestic petroleum demand with ease.
The LGT project was started in 2018 with IBISTEK Ghana, a wholly-owned indigenous Ghanaian company, funding the project. The Vice President, who commissioned the LGT at a short ceremony in Takoradi, said the terminal would receive bulk vessels and improve bulk cargo handling.
According to him, maritime transport represented the most important freight movement, and that the government would continue to support the expansion of both the Takoradi and the Tema ports.
The Bulk Jetty Terminal, which Veep Bawumiah cut the sod for wok to commence, is expected to be completed in two years at the cost of $70 million.
The Minister for Transport, Kwaku Ofori, said by the commissioning of the LGT, the government was improving the competitiveness of our ports in Africa, and plans to progressively position the Takoradi Port as a major oil hub were on course.
He added the development and expansion of the ports was in line with the government’s vision of making Ghana an infrastructural hub. He, however, urged the management of the ports to avoid cost overruns in order to get value for money.
The Chairman of IBISTEK Ghana, Kwame Gyan, said his company was involved in the upgrading of the port in three cluster areas. He named the three as container terminal (TACOTEL), the Liquefied Petroleum Terminal, and the Container and Multipurpose Terminal.
He said the cost of the three cluster projects was valued at $332.7 million.
The Board Chairman of the Ghana Ports and Harbour Authority (GPHA), Peter Mac Manu, acknowledging that the LGT commissioning would create a 100 specialist personnel and 500 indirect employment, added that the facility would move 18.5 million metric tonnes of cargo per annum.
Present at the commissioning were the Chairman of the Ghana Infrastructure Investment Fund (GIIF), Prof. Ameyaw Ekumfi, Minister for Railway Development Joe Ghartey, Members of Parliament and Metropolitan and District Chief Executives.
The post Veep commissions liquefied bulk terminal at Takoradi Port appeared first on The Chronicle Online.
Read Full Story
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS