ARM-Harith Infrastructure Investment Limited is happy to announce the successful financial close of Project Shiprite, a landmark maritime infrastructure funding on the Port of Takoradi in Ghana representing a transformative step in strengthening West Africa’s maritime capabilities.
Developed beneath a 25-year concession granted by the Ghana Ports and Harbours Authority, the undertaking will ship a world-class floating drydock ship restore facility which features a 13,500-tonne lift-capacity floating drydock, a 200-metre jetty, and a contemporary workshop
infrastructure succesful of offering a full suite of upkeep and restore providers to vessels working throughout the Gulf of Guinea.
For a long time, vessels working in West African waters have trusted shipyards in Europe and Asia for important upkeep, leading to important downtime, larger working prices, and capital flight from the area. Project Shiprite addresses this longstanding hole by delivering high-quality, domestically obtainable restore providers, bettering effectivity for transport operators whereas retaining financial worth inside the continent.
ARM-Harith has performed a pivotal function in bringing this undertaking to life, performing as a dedicated fairness investor from the early growth phases by to financial close. Working carefully with undertaking sponsors, technical companions, and a robust consortium of lenders, ARMHarith has helped construction and ship a bankable, high-impact infrastructure resolution. The undertaking is backed by $137 million in whole capital, together with a $94 million syndicated senior debt facility led by Afreximbank alongside the African Development Bank, Eastern & Southern Africa Trade and Development Bank (TDB), and Petra Pension Schemes — underscoring sturdy institutional confidence in each the asset and the broader funding thesis.
Rachel Moré-Oshodi, Managing Director and CEO of ARM-Harith mentioned, “As a long-term partner in the development and structuring of Shiprite, we have seen the project evolve from a bold idea into a bankable infrastructure platform with the potential to serve Ghana and the wider Gulf of Guinea. That kind of progress takes time, discipline, persistence, and partners who believe in the strategic importance of what is being built. For us, Shiprite reflects exactly that, and why ARM-Harith exists. We are proud to have played a central role in bringing the project to this stage, and we look forward to continuing working with Prime Meridian Docks, GPHA, and the broader financing consortium as the project advances.”
Stanley R. Okay. Ahorlu, the Lead Sponsor and CEO of Prime Meridian Docks mentioned, “Achieving financial close marks a significant milestone in the delivery of Project Shiprite and our vision to establish a world-class ship repair and maintenance facility at the Port of Takoradi. We
are pleased to be working alongside ARM-Harith and our financing partners to bring this strategic infrastructure asset to life. Beyond strengthening West Africa’s maritime capabilities, the project will create local employment, support businesses in Ghana’s Western Region, and deliver meaningful environmental benefits through improved vessel operating efficiency and reduced emissions. We look forward to the facility’s contribution to Ghana’s industrial development and the wider regional maritime economy.” Beyond its industrial worth, as soon as absolutely operational Project Shiprite is anticipated to ship significant affect:
- Up to 430 direct jobs over the concession interval, predominantly for native expertise, 30% of that are anticipated to be taken up by ladies.,
- ~10% of revenues directed to native subcontractors, supporting the Western Region
financial system, - Fuel financial savings of roughly 704 metric tonnes per vessel rotation translating to
an estimated 28,200 metric tonnes yearly for 40 serviced vessels, and - ~2.2 million MT discount in CO₂ emissions over the undertaking’s life
Project Shiprite displays ARM-Harith’s continued dedication to investing in infrastructure that delivers each sturdy financial returns and tangible developmental outcomes. It is proof that affected person, structured non-public capital deployed in the correct African infrastructure can generate sturdy returns whereas constructing the foundations for a extra linked and selfsufficient continent.
About ARM-Harith Infrastructure Investment Limited
ARM-Harith Infrastructure Investment Limited is a number one African infrastructure fund supervisor with over 90 years of mixed funding expertise throughout the continent. The agency focuses on fairness funding throughout vitality, transport & logistics, digital, waste and water infrastructure, with a robust concentrate on sustainability, operational excellence, and longterm worth creation. ARM-Harith has been on the forefront of successful mobilization of home institutional capital, notably Nigerian pension funds, into African infrastructure
fairness for over a decade, and its portfolio has included landmark transactions in energy era and transport.
Website: https://armharith.com/
