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President Nana Akufo-Addo has launched the $ 2 billion Ghana-SinoHydro Project Support Framework (MPSA) and also slashed the budget for the construction of the project. Tamale exchanger.
He said that Ghana, through a barter agreement, will carry out priority infrastructure projects worth $ 2 billion across the country, in exchange delivery of Ghanaian-made aluminum products to Sinohydro.
The barter agreement therefore required the creation of the Ghana Integrated Aluminum Development Corporation, a statutory public corporation, to oversee the development of the operation of the entire bauxite value chain in the country.
This he explained, he said, in order to guarantee Ghana a vibrant aluminum industry "and to guarantee the end of the barter transaction." This innovative arrangement, the first of its kind on the continent, is not going to increase the total stock of the debt of our country. "
The president announced Wednesday at Jubilee Park in Tamale, Northern Region.
Each of the 16 regions is expected to benefit from the Sinohydro Arrangement, with hospital projects, extension of electricity in rural communities and construction of courts and residential buildings for the Judiciary, landfills and industrial parks.
Phase 1 projects, approved by Parliament, are:
- Lot 1 – Construction of roads in downtown Accra. A total of 84 kilometers of roads in Trobu, Anyaa-Sowutum, Dome-Kwabenya, Adenta and Teshie will be built;
- Lot 2 – Construction of Kumasi and Mampong Inner City roads. A total of 100 kilometers of downtown roads will be built in Kumasi and Mampong. In Kumasi, the relevant road networks are in Manhyia, Suame, Tafo Pankrono, Asokwa, Kwadaso, Oforikrom, Subin, Nhyiaeso and Bantama;
- Lot 3 – construction of the Tamale Interchange;
- Lot 4 – Construction of the PTC roundabout interchange at Sekondi-Takoradi, the first interchange located in the west of the country;
- Lot 5 – Dualization of the Adenta-Dodowa road. 14 kilometers of the Adenta-Dodowa road will be doubled to reduce traffic jams, improve road safety and reduce travel times on the corridor;
- Lot 6 – Construction of Sunyani Inner City and Berekum Township Roads. A total of 39 kilometers of roads will be built in Sunyani and Berekum townships. In Sunyani, 29 km of downtown roads will be built, while the township of Berekum will build 10 km;
- Lot 7 – Construction of Prestea Township Roads and Cape Coast Town Center. A total of 32 kilometers of roads will be built at Cape Coast and Prestea. In Cape Coast, 22 km of downtown roads will be built, while the County of Prestea will build 10 km.
- Lot 8 – Modernization of certain feeder roads in the Ashanti and West regions. Sixty-eight kilometers of feeder roads in the Ashanti and North-West regions will be rehabilitated. Roads that will be rehabilitated are mainly in communities with bauxite deposits;
- Lot 9 – Rehabilitation of the Akim Oda-Ofoase road. This lot includes the rehabilitation of the 38 km Akim Oda-Ofoase Road, which is part of the main IR3 road network and runs through several rural communities that connect Akim Oda to Ofoase;
- Lot 10 – Construction of the Hohoe-Jasikan-Dodo Pepesu Road of the East Corridor. This will involve the construction of the 66 km section of the eastern corridor road between Hohoe in Jasikan and Dodo Pepesu;
The projects, explained President Akufo-Addo, must be implemented on the basis of engineering, procurement and construction (EPC) and will be completed within 30 months of the start of the works.
"The government also ensures that, under the Local Content Law, at least 30 percent of the work is done by Ghanaian contractors and overseen by Ghanaian consultants.
"Thousands and thousands of jobs will be created for our young people, our country will be open to sustained growth and development and, as such, will help put Ghana on the path to progress and prosperity" , he added.
The President has instructed the Ministry of Roads and Roads and its implementing agencies to ensure that all work undertaken is adequately supervised, to ensure that the country gets value for money and to scrupulously respect the dates. d & # 39; completion.
While urging entrepreneurs to abide by the country's environmental protection laws and take steps to mitigate the negative impacts of projects on the health of citizens, President Akufo-Addo said: "I will not tolerate any delay in the execution and delivery of the project. different infrastructure projects. Thirty months is 30 months.
As part of Phase 2 of the Sinohydro Agreement, which is expected to come into effect after Parliament's approval, 1,300 kilometers of roads, 3 interchanges and 69 additional steel bridges will be constructed, for an estimated amount. at $ 850 million.
Additional housing projects, rural electrification projects, industrial parks, hospitals, sanitation projects, as well as additional courts and residential buildings for the judicial service, are part of phase 2 .
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