HFW advises InfraCo Africa Investment Limited on US$137m Ghana floating dock project

Global law firm HFW has advised InfraCo Africa Investment Limited (InfraCo) on its investment into the US$137m Takoradi Floating Dock Project in Ghana.

InfraCo is the dedicated project investment arm of The Private Infrastructure Development Group (PIDG). Principally publicly funded, PIDG aims to address financing gaps and support infrastructure projects that promote sustainable economic development and climate resilience across Africa and South/Southeast Asia.

Located in the Port of Takoradi, 225km from the Ghanaian capital Accra, the Takoradi Floating Dock Project (known as Project Shiprite) will develop, build, and operate a world class commercial-scale ship repair and dry-docking facility in the Gulf of Guinea. Servicing vessels of up to 200m in length, Project Shiprite will be delivered under a 25-year concession as part of a public-private partnership with the Ghana Ports and Harbours Authority.  In addition to building local infrastructure and skills in Ghana, it will provide much needed ship repair facilities in the region.

The HFW team was led by Partner William MacLachlan, and included Partner Paolo Pinna, Legal Director Catherine Emsellem-Rope, Senior Associate Constance Ollat and Associate Sophie Dent.

William MacLachlan, Partner, HFW:

“We are proud to have advised InfraCo on its investment in this significant project. Project Shiprite will deliver important new maritime infrastructure for Ghana and the wider Gulf of Guinea, bringing world-class ship repair and dry-docking capability to support the continued development of the region’s shipping industry.”