We need $600 m to complete phase 1 of Keta Port-Minister

The Minister of Transport, Kwaku Ofori Asiamah, has disclosed it will cost six hundred million dollars to construct the first phase of the proposed Keta Port.

The Minister feasibility studies have been completed on the project.

He posited that the project is expected to be a refuelling point for Ghana’s ships in foreign waters east of Ghana.

“All the behind the scenes activities have been undertaken, the current status of the project includes, His Excellency having declared the site as a port zone, the feasibly studies for the project has been completed, a physical office structure has been completed, fully equipped and furnished… Phase one is estimated at around $650 million,” he said.

He was speaking at a stakeholder engagement on the project.

The first phase will consist of a multipurpose terminal with a berth of about 500 metres, a commercial gate with access control and administration block, RoRo Dock, and an oil terminal consisting of a tank farm.

He further disclosed that all the preliminary and preparatory works for the start of the project had been completed.

“All the behind the scenes activities have been undertaken, the current status of the project includes, His Excellency having declared the site as a port zone, the feasibly studies for the project has been completed, a physical office structure has been completed, fully equipped and furnished… Phase one is estimated at around $650 million,” he said.

“I’m pleased to report that the feasibility studies are positive and studies show that the project is viable, however, it is a fact that a project of this nature is highly capital intensive and the government on its own may not be able to finance it completely,” he said.

The Keta Port is expected to open up opportunities for investment into the agribusiness, and manufacturing industry for the Volta basin of Ghana.

It would also open up investments into the exploration, and exploitation of mineral resources that the Volta basin was endowed with.

By: Rainbowradioonline.com/Ghana

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