Ghana engages shortlisted investors on Tema Shipyard development

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Ghana has opened negotiations with six shortlisted investors as part of processes to find a partner to develop its biggest shipyard at Tema harbour into a modern and world class facility.

The companies are Dormec Marine and Engineering, Ladol Freezone Enterprise, Secant Technologies, Submarine Holdings Limited, Strategic Security Systems and Life Forms Limited.

The company that would be selected at the solicitation process would partner with the government to bring about the needed technology and investment that would eventually lead to the scale-up of facilities at the Yard.

It would also be responsible for ship repair, fabrication and shipbuilding at the Shipyard.

Kwaku Ofori Asiamah, Minister of Transport, announced this at a pre-proposal conference held in Accra, in collaboration with the Ghana Shippers Authority.

David Ofosu-Dorte, a Transaction Advisor to the Process, said there were 20 initial prospective investors, but they were shortlisted to six.

He said the Process would close on November 2, 2018, and based on the submissions received, the Government would set an evaluation team that would comprise of Government officials and some technical advisors.

Afterwards, a recommendation would be made and submitted to Cabinet and Parliament for approval.

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