News:
July 28, 2022
The Parliament of Ghana on Wednesday, July 27, 2022 approved a loan facility of One Hundred and Thirty-Five Million, Three Hundred and Ninety-Six Thousand, Five Hundred and Eighteen Euros and Thirty-Eight Cents (€135,396,518.38) for the design and construction of phase 1 of the Suame interchange and ancillary works project at Kumasi.
The House in accordance with article 181 of the 1992 Constitution approved by resolution, the
i. Buyer’s Credit Agreement between the Government of the Republic of Ghana (represented by the Ministry of Finance) and Deutsche Bank S.A.E. (as Arranger, Structuring Bank Mandated Lead Arranger and Agent) for an amount of One Hundred and Thirty-five Million, Three Hundred and Ninety-Six Thousand, Five Hundred and Eighteen Euros and Thirty-Eight Cents (C135,396 518.38) [supported by a CESCE Insurance Premium] to finance the Design and construction of Phase 1 of the Suame Interchange and Ancillary Works Project at Kumasi, Republic of Ghana.
ii. Commercial Facility Agreement between the Government of the Republic of Ghana (represented by the Ministry of Finance) and Deutsche Bank S.A.E. (as Arranger, Structuring Bank, Mandated Lead Arranger and Agent) for an amount of Twenty-One Million Euros (€21,000,000.00) to finance the Design and Construction of Phase 1 of the Suame Interchange and Ancillary Works Project at Kumasi.
SCOPE OF WORKS
The Suame Interchange is made up of a 4-Tier interchange with the following functional characteristics:
I. First Tier – This is a roundabout at the ground level. It caters for left and U-turns movements.
II. Second Tier – This level is for through movement from Kejetia towards Offinso and also caters for movement from Kejetia to Mampong.
III. Third Tier – This tier, provides for movement for movement from PV Obeng Road towatds Western by-pass and PV Obeng Road towards Offinso Road.
IV. Fourth Tier – This level is for movement from Offinso Road to PV Obeng Road
V. The interchange shall be 4 composite of steel and concrete structure. The beams shall be steel box girders.
Mr Osei Kyei-Mensah-Bonsu, the Majority Leader and Member of Parliament for the Suame Constituency described the traffic situation in the area as bad due to poor road network and expressed optimism that the construction of the interchange and the ancillary roads would bring relieve to the travelling public.
He called on the people living in the area to bear with the inconveniences that come with the project and cooperate with the contractor to do the work.
Mr. Osei Kyei-Mensah-Bonsu had the unpleasant experience of being pelted at with sachet water and chased out of the area because of the poor road network; as such the loan approval comes as good news to everybody.
Dominic Shirimori/Ghanamps.com