6 investors shortlisted to develop Tema Shipyard


6 investors shortlisted to develop Tema Shipyard


Six strategic investor companies have been shortlisted to bid for the development of the Tema Shipyard and Drydock into a modern and world-class facility.

The companies are Dormec Marine and Engineering, Ladol Freezone Enterprise, Secant Technologies, Submarine Holdings Limited, Strategic Security Systems and Life Forms Limited.

The company that would be selected at the solicitation process would partner the Government to bring about the needed technology and investment that would eventually lead to the scale-up of facilities at the Yard.

It would also be responsible for ship repair, fabrication and shipbuilding at the Shipyard.

Kwaku Ofori Asiamah, the Transport Minister announced these at a pre-proposal conference held, in Accra, on Tuesday by the sector ministry in collaboration with the Ghana Shippers Authority.

The conference was part of the process to give opportunity to the shortlisted firms to seek clarification on issues regarding the bidding process, which is being done in line with Section 40 of the Public Procurement Authority Act.

Mr Asiamah said the Yard, which had over the years been in a state of under-development with obsolete equipment, required a strategic partner to rehabilitate and upgrade it to ensure that it contributed significantly to the Government’s Integrated Bauxite and Aluminium Project.

He recounted that the Shipyard facility was built in the 1960s by Ghana’s first President, Dr Kwame Nkrumah, to promote the aluminium and related fabrication industry at the Shipyard.

The Yard was, therefore, to function in the main areas of fabrication, ship repair and eventually shipbuilding by utilising aluminium products, among others, when it became fully functional, he said.

Mr Asiamah said the Government considered the Shipyard as a strategic national asset, which if developed, could contribute significantly to the oil and gas industry as well.

“With the oil and gas activities in Ghana, the Shipyard is well positioned to take advantage of opportunities and help to promote local content and improve Ghana’s competitiveness in West Africa’s offshore oil and gas industry,” he said.

The Minister explained that the Stage One of the bidding selection process, which involved the evaluation of investor qualification statements, had been completed, while Stage Two which, was ongoing also involved the submission of detailed proposals from the six shortlisted firms from stage one.

Mr David Ofosu-Dorte, a Transaction Advisor to the Process, said there were 20 initial prospective investors, but they were shortlisted to six.

He said the Process would close on November 2, 2018, and based on the submissions received, the Government would set an evaluation team that would comprise Government officials and some technical advisors.

Afterwards, a recommendation would be made and submitted to Cabinet and Parliament for approval.    





Source link


Like it? Share with your friends!

20
0
20 shares

What's Your Reaction?

eiii eiii
0
eiii
hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
win win
0
win

0 Comments

Your email address will not be published. Required fields are marked *

You may also like

More From: Business

DON'T MISS

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format