Meridian Port Services Limited | Accountability Console
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Meridian Port Services Limited

Sectors

Infrastructure

Description:

Projects in this Sector: 550

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Issues Raised

Consultation and disclosure

Description:

Projects with this Issue Raised: 495

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Displacement (physical and/or economic)

Description:

Projects with this Issue Raised: 440

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Livelihoods

Description:

Projects with this Issue Raised: 319

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Violence against the community

Description:

Projects with this Issue Raised: 46

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Project Information

Investment ID: 36706

Bank: IFC/MIGA

Environmental Category: A

Country: Ghana

Region: Sub-Saharan Africa

Approval Date: None

Investment Types: Loans

Total Project Cost: No recorded data on this

Total Complaints: 1

Description

The Project involves the development and operation of a new container terminal in the Port of Tema, approximately 20 miles east of Accra, Ghana. MPS has been working in Tema for over 10 years. The Project represents investments related to the first phase of the project and primarily consists of: (i) constructing a 700-meter quay for two container berths; (ii) creating a 70-ha yard; (iii) constructing a 3.5-kilometer breakwater; and (iv) dredging up to 16.9 meters. The Project is estimated to cost approximately USD1.4 billion. The project is financed by shareholders in MPS, Bollor Transport & Logistics, APM Terminals, Ghana Ports and Harbors Authority (GPHA), and IFCs loan. According to project documentation, IFC has committed USD 195 million A loan and USD 472 million B-loan.

Investments

Investment Type ID Amount Status Bank Client
Loans 36706 USD 250.0 million Planned IFC

Related Complaints

IFC/MIGA CAO Complaints IAM Country Date Filed Status
MPS-01/Tema IFC CAO Ghana 26/02/2018 Closed Without Outputs

Implementers

Name Complaints Dispute Resolutions DR Successful Compliance Reviews Non-Compliance
Meridian Port Services Limited