The government, through the Ghana Ports and Harbours Authority (GPHA) has invited investors to formally express interest in the development of the Keta Port project.
In a release, the GPHA said interested prospective partners are free to apply, saying this will create a fair and competitive opportunity for all potential and interested parties.
GPHA emphasised that the new port’s feasibility is dependent on the development of other port-supporting transportation infrastructures such as railways, roads and highways, particularly the Accra-Lomé and other major routes to the nearest regional capitals.
It was emphasized that the project was to be a Build Operate and Transfer (BOT) so that any prospective investor will raise their own money to complete the project, operate it to defray cost, raise profit and then transfer it to the government.
It thus said it is willing to engage with investors with the capability to fund and construct the main port infrastructure; Capability to fund and construct the main port infrastructure (dredging, land reclamation, quay walls, relevant cargo terminals, supporting administrative facilities and internal roads, etc.
The project will be under the supervision of the Ministry of Finance.
When completed, the Keta Port Project is expected to create the enabling environment for the development of major business clusters such as terminals (multipurpose, containers, iron ore / dry bulk ore, salts, cruise/passengers/recreation, petroleum bulk, etc.) special economic zones (factories, transit and transshipment storage, value added services, etc.), maintenance services (shipyards, dry docking, and bunkering) and other services.
According to the GPHA, it has completed the first general Feasibility Studies to validate the site selection process.