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- Operations
- Meridian Port Services Ltd.
Meridian Port Services Ltd.
Ghana
| Borrower | Meridian Port Services Limited |
| Financing Type | Private Sector & Trade Finance |
| Instrument | Private Sector Debt |
| Focus Area | Transportation |
| Approved | 11.03.2009 |
| Signed | 29.09.2009 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| Co-financiers | Standard Bank, MPS |
| OPEC Fund Contribution (US$m) | 9.00 |
Meridian Port Services Ltd (MPS) was created for the sole purpose of managing a concession to develop a state-of-the-art container terminal at Ghana’s Tema Port as part of the port's vision of becoming a center of excellence and the port of choice in West Africa. The concession agreement grants MPS the exclusive right to stevedore any vessel carrying more than 50 containers and to conduct all shore handling for a period of 20 years. Once operational, the new terminal will stimulate trade, which is the cornerstone of Ghana’s economic development, and help position the country as a regional hub for international trade and investment.