YILPORT Holding, a global ports and container terminals operator, has signed a memorandum of understanding (MoU) to operate the Takoradi Port in Ghana
The agreement was signed by YILPORT Holding’s chairman & CEO, Robert Yuksel Yildirim and Ibis Tek’s (Takoradi Port’s operating company) chairman Kwame Gyan and director Nana Yaw Boahene.
YILPORT and Ibis Tek will establish a joint venture company of YILPORT Takoradi Port Management Company on 70-30 basis respectively to invest in and operate the Takoradi Port. The project scope is to develop the existing container terminal in three phases to reach up to 2.25mn TEUs annual capacity. The joint venture company, under the vision and management of YILPORT, will also develop multipurpose berths for liquid, bulk, and general cargo operations for about 20mn tons annual handling capacity.
YILPORT is also expected to build new access roads and gate facilities for Takoradi Port, in order to increase handling capacity and avoid traffic congestions. The company plans to invest more than US$700mn to build and operate a state-of-the-art port complex. YILPORT Takoradi Port will also have Tacotel Inland Terminal and Marshall Oil Jetty Terminal. Yilport plans to build a tank farm to handle 2.5mn tons of liquid products annually.
The operator will expand the total length of the berths to 2.5 km and deepen the draft between -14 m and -16.5 m. This new deep-sea terminal will serve the West African corridor cargo in Ghana and Burkina Faso, Mali and Niger.
Yildirim commented, “I am very honoured and excited to welcome Takoradi Port into the YILPORT Holding family. Takoradi Port will be YILPORT’s first step into the African continent, and it will be a gemstone in our vision to rank among the top 10 global container terminal operators by 2030. Takoradi Port has a great potential to serve the African and Atlantic marine trade. We look forward to unlock that strong potential and grow Takoradi and Ghana internationally.”