ATUABO FREE PORT
AFRICA international contractors that the financing partners are comfortable with - firms that have the expertise to handle the construction risks while delivering services on time .
“ But in addition to that we ’ ll have a situation where if companies want warehouses or offices built , then that area is being identified as the area where Ghanaian contractors can execute their work .”
Regional hub In terms of the capital structure , the Ghanaian government has a 10 percent ownership share , held by the Ghana Infrastructure Fund as a freehold ; a further 35 percent will be purchased by Ghanaian state enterprises such as Ghana National Petroleum Corporation and Social Security and National Insurance Trust . Then the international shareholders and a number of international partners will make up the remaining equity .
Because Atuabo is set to be a dedicated hub for the oil and gas industry and not just a rudimentary container shipping port , Gray believes it can subsequently become much more of a regional player in West Africa than a country player in that respect . He said : “ This will be particularly true for the rigs ; we will be meeting a high demand that is not currently met in this area . The offshore supplier vessels have greater choices , but there are still capacity issues in West Africa in terms of facilities that can
Ghanaian government has a 10 percent ownership share , held by the Ghana Infrastructure Fund
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