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APM Terminals invests USD 1.5 bln in new port in Ghana

Maersk's port company APM Terminals has formed a joint venture with Bolloré Africa Logistics and Ghana's port authority aimed at renovating Ghana's key port. The partners will invest USD 1.5 billion in the project.

APM Terminals will, in collaboration with Bolloré Africa Logistics and Ghana's port authority, invest USD 1.5 billion in a major renovation of Ghana's key port in the city of Tema, says APM Terminals in a statement.

The major investment will also be used to establish a new deep-water port with an annual capacity of 3.5 million teu, which will consists of four docks, a new pier and an access channel for the world's largest container carriers, according to the statement.

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