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AFPGL - Atuabo Freeport Development - Ghana - Project Profile

Synopsis

"AFPGL - Atuabo Freeport Development - Ghana - Project Profile" contains information on the Scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "AFPGL - Atuabo Freeport Development - Ghana - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary
Atuabo Free Port Ghana Limited (AFPGL) is undertaking construction of the Atuabo Freeport Development project in Western region of Ghana.

The project will be implemented as joint venture accordingly, 10% free carry shareholding for the Government of Ghana and 35% shares to be owned by state owned enterprises (SOEs), while AFP will own the rest.

The project involves the construction of an oil logistics port on a 809ha of land to serve the growing demands of the offshore oil industry as well as gas and petrochemical industries in Ghana.

The project is planned to be implemented in phases. The first will include the development of the port over an area of 81ha and would include an oil logistics port to provide international standard, efficient logistics for offshore oil companies.

The project will include the construction of temporary workshops, a harbour protected by a rock breakwater to the west and a rock groin to the east, a dredged approach channel, a turning circle, berth pockets and quays, service facilities, rig repair facility, waste treatment and management, fabrication and supply facilities.

The project will also see the construction of an airstrip and a helipad to facilitate aircraft and helicopter transportation, as well as other infrastructure facilities like power generation, boreholes, accommodation, offices, a naval base, hydrocarbon fuels storage area and roads.

On August 16, 2011 a memorandum of understanding (MoU) was signed between the government of Ghana and LONR to develop the project. According to the MoU, the government would be required to provide the land area while LONR would handle the financial arrangements for the proposed project.

The feasibility study which involved environmental impact study, wave and bathometric surveys to determine the viability of the project was completed.

In February 2014, the project obtained approval from the government.

On July 24, 2014, LONR received the parliamentary approval for the proposed project.

The Government of Ghana (GoG) is expected to pay US$210 million through state institutions like Social Security and National Insurance Trust (SSNIT), Ghana Ports and Harbours Authority (GPHA), Ghana National Petroleum Corporation (GNPC), Volta River Authority (VRA) and State Insurance Company (SIC) for the proposed project.

In April 2015, China Harbor Engineering Company (CHEC), a subsidiary of China Communications Construction Company Ltd (CCCC) has been appointed as EPC Contractor for the project.

In July 2015, five MPs challenged the Atuabo Free port project in court but court dismissed the appeal.

Project is in final stages of construction.

Scope

The project involves the construction of a new oil logistics port on 809ha of land in Western region of Ghana.

The US$700 million project includes the following:

1. Construction of a harbour

2. Construction of temporary workshops

3. Construction of a dredged approach channel

4. Construction of a turning circle

5. Construction of berth pockets

6. Construction of quay walls

7. Construction of service facilities

8. Construction of a rig repair facility

9. Construction of waste treatment and management facilities

10. Construction of fabrication and supply facilities

11. Construction of an airstrip

12. Construction of a helipad

13. Construction of related facilities

Reasons To Buy
- Gain insight into the project.
- Monitor the latest project developments.
- Identify key project contacts.

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AFPGL - Atuabo Freeport Development - Ghana - Project Profile
Published By :Timetric
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