Real Estate and Construction

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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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