News:
Finance Committee chair
June 23, 2022
Parliament on Thursday, June 23, 2022 approved a loan facility of Seventy-Four Million, One Hundred and Forty-Five Thousand, and Five Hundred Euros (€74,145,500.00) for the Tarkwa Water Supply Project.
The Finance Committee after a careful examination of the Agreement 15 convinced that the facility, when approved will help expand access to water in Tarkwa and its catchment areas. The Committee therefore recommends to the House to approve
The Credendo Covered Buyer’s Credit Facility Agreement between the Government of the Republic of Ghana (acting through the Ministry of Finance}, KBC Bank NV and COMMERZBANK AG (as Arrangers and original lenders), and KBC Bank NV (as Agent) is made up of Sixty-Five Million Euros (€65,000,000.00) and the associated Credendo premium of Nine Million, One Hundred and Forty-Five thousand and Five Hundred Euros (€9,145,500.00).
for a total sum of Seventy-Four Million, One Hundred and Forty-Five Thousand, and Five Hundred Euros (€74,145,500.00) [made up of Sixty-Five Million Euros (€65,000,000.00) and the associated Credendo premium of Nine Million, One Hundred and Forty-Five thousand and Five Hundred Euros (€9,145,500.00)} for the Tarkwa Water Supply Project
The approval is in accordance with Article 181 of the Constitution, Section 56 of the Public Financial Management Act, 2016 (Act 921) and Order 169 of the Standing Orders of the Parliament of Ghana.
PROJECT DESCRIPTION AND SCOPE:
The project seeks to expand the existing Water Supply System in Tarkwa from the existing 2.800m3/day (0.62 MGD) to 27,000m3/day (6MGD) to meet the increasing demand for water in the Municipality and to supply water to the adjoining Communities.
Successful implementation of the project according to the Finance Committee of Parliament would result in increasing access fo potable water, promote sanitation and reduce the incidence of water related diseases in Tarkwa and its adjoining communities.
The project on completion will supply potable water to Tarkwa and the following surrounding communities: Bonsa/Bonsaso, Bankyem, Charliekrom, Efuanta, Kwabedu, Mantrem, Agona Wassaw, Nsvia, Tamso, Fanti Mines, Senyaekurase, Akyempem, Simpa, Dompin-Papase, Brofroyedru, Atoabo, Aboso, University of Mines and Technology, and other settlements.
The scope of works to be undertaken under the Project would include inter-alia the following:
a. Design and construction of a weir and intake structure complete with all ancillaries for 30,000m3/d (6.46MGD) to cater for the projected water demand for up to the year 2040.
b. Design and construction of a raw water pipeline for 30,000m3/d (6.4MGD).
c. Design and construction of a new conventional water treatment plant (WTP) with a production capacity of 27,000m%d (6MGD}, complete with aerators, flocculator, sedimentation tanks, filters, chemical dosing system, SCADA System, etc.
d. Supply and Laying of 18.6km DCI 500 Transmission Pipeline
e. Supply and Laying of 116 km Distribution pipeline of various sizes
f. Construction of dedicated overhead power line and substation for the new Tarkwa WIP and intake.
g. Provision of house connection materials and standpipes
h. Provision of staff accommodation and offices
i. Construction of new reservoirs
j. Rehabilitation of service reservoirs
The project is expected to be completed in thirty-six (36) months with a
Defect Liability Period of twelve (12) months from handing over of each complete element to the client.
Dominic Shirimori/Ghanamps.com