• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

First phase of Atlantic multipurpose terminal on schedule – IBISTEK CEO

5 years ago
in Business, highlights, Home, latest News, Maritime, Trade
2 min read
0 0
0
67
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

The Group Chief Executive Officer of IBISTEK Group of Companies, Dr. Felix Nana Sackey has revealed that the first phase of the much touted Atlantic multipurpose terminal would be completed in September 2021.

According to him, the Atlantic Multipurpose Project which would cost a combined total of USD 375 million for two phases, would give the Port of Takoradi a major facelift in its developmental agenda.

He said the Atlantic Multipurpose Terminal, when completed would cover about 62 hectares of operational space, with phase 1 consisting of 600m quay length and -16 chart datum, enabling the terminal to handle the largest vessels in the world as well as large volumes of import cargo.

Speaking on the Eye on Port program on Infrastructural Developments at the Port of Takoradi, the Group CEO of IBISTEK, disclosed that progress at its infrastrure projects were hindered by COVID-19 restrictions, however, his outfit is more focused to get all its projects underway to meet all expected timelines.

“The contractors were struggling to bring in their divers. Because it was time for them to start placing the quay wall blocks under the sea. It is -18.5 meters deep so they need certified experts. Because of the COVID period, that affected the projects for about 5 weeks,” Dr. Sackey disclosed.

He added that, “in terms of the oil jetty, the subcontractors that we will use for the installation of the loading arms, because of the airport closure, they could not come in, but wait till the airports are opened.”

Dr. Felix Nana Sackey added that the 26-hectare, and USD 70 Million-worth TACOTEL, an inland container depot, 6mins drive from the Port of Takoradi, was also built by IBISTEK, and strategically positioned to accommodate the growing volumes of cargo and even much more after the completion of expansion works inside the Port of Takoradi.

RelatedPosts

MTN Nigeria Now the Most Capitalized Stock in Nigeria

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

He added that, the ICD came in to solve the problem of inadequate space for containerized cargo in the main harbour basin, for which cargo owners had lamented over the years.

Dr. Felix Nana Sackey said the Port of Takoradi’s efficiency and capacity has even more been strengthened with the completion of the IBISTEK-powered new liquid bulk terminal, where he encouraged more companies dealing in oil to establish their tank farms in the Port of Takoradi to experience the full benefits of the new automated port infrastructure at that port.

“The oil jetty is huge, with five loading arms, for petrol, diesel, heavy fuel, bitumen, and gas. The challenge with Takoradi is, there are very few tank farms there so it is an opportunity for other investors to also tap into it and construct their tank farms because the jetty is there to pump the material for them,” he advised.

He said the company, because of its indigenous roots, is also very keen on promoting local capacity, hence, ensures local participation, where available, in majority of works at its project sites.

The Group Chief Executive of IBISTEK also highlighted that, even with the obstacles that may be encountered by such an ambitious local company competing with multinational heavy-weights, it is the ingenuity and integrity IBISTEK demonstrates that helps the company gain favour with its financial partners.

Dr. Sackey said the IBISTEK Group is very motivated to plug in some of the needs of the Port of Takoradi to help the Port Authority achieve its vision of making Ghana’s premier port a first class port and a dominant oil and gas services hub in the sub-region.

The IBISTEK Group CEO, however, appealed to government to continue in its drive to invest in intermodal transport networks including road and rail connectivity so that efficiency can be achieved throughout the entire supply chain.

“In terms of the ancillaries, once we want to target the landlocked countries, we need to improve the facilitation of their goods from the port by road and rail,” he said.

Tags: Atlantic Multipurpose TerminalCovid-19IBISTEKTakoradi port
No Result
View All Result

Highlights

Europe’s Energy Future Hinges on Global Powers

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Tanzania Sink Burkina Faso to Delight Home Crowd In TotalEnergies CHAN 2024 Opener

Trending

Features

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

MTN Nigeria Now the Most Capitalized Stock in Nigeria MTN Nigeria has surged to become the most...

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

August 3, 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

August 3, 2025

Europe’s Energy Future Hinges on Global Powers

August 3, 2025

US Companies Cut Investments in China to Record Lows, Here’s Why

August 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.