News:
August 22, 2011
Parliamentarians are today Monday 22nd August 2011, convening to approve a $3 billion loan facility from the China Development Bank.
The facility which is the first tranche of dividends from President Mills visit to China in September 2010 is expected to accelerate the infrastructural expansion and industrial take-off Ghana has been awaiting.
According to government, some of the key projects that the facility will be used for are:
1. Western Corridor Gas Infrastructure Project,
2. Western Corridor ‘Petroleum Terminal’ Project,
3. Western Corridor ‘Oil Enclave’ Toll Road Project
4. Western Corridor Railway Line Modernization Project- Takoradi-Kumasi; Dunkwa-Awaso Railway Line, Retrofit Phase 1,
5. Western Corridor Infrastructure Renewal project- Takoradi Port Retrofit Phase 1,
6. Sekondi Free Zone Project- Shared Infrastructure and Utility Services,
7. Accra Plains irrigation Project,
8. Coastal Fishing Harbours and Landing Sites Re-development Project (Axim, Dixcove, Elmina, Winneba, Mumford, Senya- Beraku, Jamestown, Teshie, Tema, Ada, Keta),
9. Eastern Corridor Multi-Modal Transportation Project- Upgrade of Volta Lake Ferries, Pontoons + Landing sites (Kpando-Amankwakrom; Kete Krachi-Kwadokrom; Yeji-Makongo; Tapa Abotoase; Dzemeni),
10. Upgrade of Akosombo and Buipe Ports,
11. Accra Metropolitan Area ICT- Enhanced Traffic Management Project (including urgent road completion components) and an
12. SME Projects Incubation Facility.
Government has in the last week presented these projects to Parliament’s Finance Committee at a special two-day session in Koforidua, where Ministers of State took turns to explain projects in their respective sectors.
Parliamentary is expected to debate the transaction from the 22nd to the 26th of August, 2011 after which a final decision will be taken on the transaction.
By : Kwadwo Anim/ghanamps.gov.gh