Real Estate and Construction

Business news and information for the real estate and construction sectors including properties, housing, civil engineering, infrastructural development and industrial construction

 

Real Estate and Construction

AfDB approves $23.04 million loan for Ghana’s Takoradi Sea Port

A $23.04 million loan to Prime Meridian Docks AssetCo Ltd (PMD), a special purpose organization, has been approved by the African Development Bank’s board of directors in order to co-finance the development of a cutting-edge floating dock ship repair facility in Ghana’s western Takoradi port. Under the terms of a 25-year concession granted to the company by the Ghana Ports and Harbours Authority, the loan will assist the company in designing, constructing, operating, and maintaining a top-notch ship repair and maintenance facility in the Gulf of Guinea. Construction of a 200-meter jetty, 300,000 cubic meters of rock removal from the port basin, and the acquisition

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