Meridian Port Services Limited (IFC-36706)

Countries
  • Ghana
Where the impacts of the investment may be experienced.
Specific Location
Tema
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
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.
Voting Date
Mar 17, 2016
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
Meridian Port Services Limited
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1,400.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 11, 2017

Disclosed by Bank Oct 19, 2015


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Project Description
This project finances the development and operation of a new container terminal in the Port of Tema, approximately 20 miles east of Accra, Ghana.
Investment Description
  • International Finance Corporation (IFC)
Meridian Port Services Limited is 70% owned by an effectively 50/50 joint venture between APM Terminals and Bolloré Africa Logistics and 30% owned by the Ghana Ports and Harbours Authority. APMT Terminals is one of the world’s leading container terminal operators and a sister company of Maersk Line, the world’s largest shipping line. Bolloré Africa Logistics is a subsidiary of the Bolloré Group, a large diversified French family group and a key global player in transport and logistics with the first integrated logistics network in Africa. Ghana Ports and Harbours Authority is the national port authority of Ghana and one of the country’s best-performing state owned enterprises.
Contact Information
*No contacts available* ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/