News:
February 1, 2019
Deputy Minister of Railway Development Andy Appiah Kubi has said government of Ghana is seeking a more sustainable and qualitative funds to construct a one thousand three hundred kilometers (1,300km) railway interconnectivity between Ghana and Burkina Faso.
According to the Deputy Minister, it would start from Tema, travel through Akosombo, Ho, Hohoe through Yendi Paga to Ouagadougou on Build Operate and Transfer (BOT) policy.
At a stakeholders meeting at Ho in the Volta Region, he added that government will be more circumspect and careful in selecting partners for the largest railway interconnectivity project to be undertaken in the West African sub-region.
He further noted that, some companies had hoodwinked and shortchanged the country in deals like this in the past, “selected companies must exhibit technological competence and must have the financial muscle to shore up the project”.
Mr. Andy Appiah Kubi revealed that the technical team to study the proposal of interested partners would consider any source of funding that would stand the test of time.
“This day’s you can have a source of funding that will dry up in the next day and so we must be careful this time round that the financing that will be sourced will be more quality and sustainable”.
To this end, the Deputy Railways Minister said the technical team for the project will visit the interested financial institutions to ascertain the veracity of their claims in having the financial prowess to support the project.
Kwaku Sakyi-Danso/ghanamps.com