Quick Facts

Where the impacts of the investment may be experienced.
  • Ghana
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Netherlands Development Finance Company (FMO)
Status: Active
Bank Risk Rating: A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-06-28
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Meridian Port Services Limited
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Infrastructure
Investment Amount (USD): $ 46.42 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported USD 39.00 MLN
Converted using 2017-12-25 exchange rate.

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Primary Source

Original disclosure @ FMO website
Updated in EWS: 2017-12-25

Project Description
WHO IS OUR CLIENT Meridian Port Services Limited is an existing entity and is 70 percent owned by a 50/50 joint venture between APMT and Bollore and 30 percent owned by GPHA, which is fully state owned. FUNDING OBJECTIVE It concerns the financing of the development, construction and operation of a new container handling terminal (terminal 3) within the Port of Tema in Ghana. The Port is strategically located only 30 kilometers away from Accra, Ghana's capital, and holds a dominant position handling approximately 94 percent of the country's import/export containers. Currently Sponsors manage the existing port (terminal 2). WHY WE FUND THIS PROJECT Improving Ghana's port infrastructure fits well within the FMO strategy to stimulate essential infrastructure development in Low Income Countries whereby the project will have a high impact on the Ghanaian economy including the support of 600 jobs, the involvement of APMT as sponsor is important as it is a key account which whom FMO has a good relationship, and with APMT being a sponsor the project this financing contains a Dutch interest component.
Investment Description
Contact Information
FMO South Africa +27 11 507 2500 joburg-office@fmo.nl
Bank Documents