Posted on :
7 Sep, 2016
7 Sep, 2016
Atuabo Freeport is a designated Free Port, designed to be a fully integrated oil and gas logistics and industrial hub that meets the requirements of the oil and gas industry. The Freeport project will be sited on approximately 2000 acres of land both onshore and offshore in Atuabo in the Elembelle district of the Western Region. It will directly impact the livelihoods of farmers and fishermen in Atuabo, Anokyi and Assemdasuazo. To this end, the project has been through a thorough livelihood restoration planning to restore livelihoods. AFP has over the past two years engaged stakeholders especially the communities in a very transparent and open manner. The project has built good relationships and image in the entire district and will want to maintain and enhance this positive community relation throughout its lifetime.
Atuabo Freeport is due to begin the construction phase, a process that will take approximately 24 months. Prior to AFP taking possession of the land for the project, the Company must ensure full and fair compensation of crops, land and loss of livelihoods to the affected households and land owners. This process, and the change that comes with it will bring considerable social, environmental and economic impacts that must be managed and mitigated by AFP – alongside the efforts of CHEC, the construction company.
Following the construction phase, the port will begin its operations with a 50 year (25 + 25 years) life span, and as such Atuabo Freeport will become an integral part of the Western Region’s economy and landscape. Large scale, long-term infrastructure projects such as Atuabo Freeport must develop and maintain a social license to operate from their host communities. AFP has prioritised stakeholder engagement and constructive community relations from the outset, and has developed a constructive, respectful relationship with its stakeholders. This is a critical aspect of the successful management of the company, its operations and impacts.
Investors in AFP recognise the importance of managing such impacts and risks and AFP is committed to meet the International Finance Corporation’s (IFC) Performance Standards on Environmental and Social Sustainability and the World Bank Group Environmental Health and Safety Guidelines and the Equator Principles.
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