Project detail - MERIDIAN PORT SERVICES LIMITED

MERIDIAN PORT SERVICES LIMITED

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Who is our client

Meridian Port Services Limited is an existing entity and is 70 percent owned by a 50/50 joint venture between APMT and Bolloré and 30 percent owned by GPHA, which is fully state owned.

Funding objective

It concerns the financing of the development, construction and operation of a new container handling terminal (terminal 3) within the Port of Tema in Ghana. The Port is strategically located only 30 kilometers away from Accra, Ghana’s capital, and holds a dominant position handling approximately 94 percent of the country’s import/export containers. Currently Sponsors manage the existing port (terminal 2).

Why we fund this project

Improving Ghana’s port infrastructure fits well within the FMO strategy to stimulate essential infrastructure development in Low Income Countries whereby the project will have a high impact on the Ghanaian economy including the support of 600 jobs, the involvement of APMT as sponsor is important as it is a key account which whom FMO has a good relationship, and with APMT being a sponsor the project this financing contains a Dutch interest component.

Region
Africa
Country
Ghana
Sector
Infrastructure, Manufacturing and Services
Signing date
6/28/2016
Total FMO financing
USD 39.00 MLN
Fund
FMO
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
A