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The Government of Ghana, through the Ministry of Railway Development, has finalized a $ 2.2 billion deal for the construction of the East Railway Line Project.
The concession agreement signed with the Ghana European Railway Consortium (GERC) provides for the construction of a 340 km railway line.
The 340-kilometer project, which would connect the port of Tema to Accra, Koforidua and end in Kumasi, is a BOT (Built, Operate and Transfer) project, Ghana's share being 30%.
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It would take three years to complete the project. then the GERC would exploit it for 27 years before handing it over to the government.
The project would involve a link between Bosuso and Kyebi in the eastern region, the proposed bauxite mines in the region, and would also be connected to Boankra's inland port in the Ashanti region.
Negotiations for the construction of new Eastern Railway standard gauge railway lines were concluded on Thursday, April 4, 2019 at Peduase between Joe Ghartey, Minister of Railway Development, and Mr. Heinz Kroczek, GERC representative.
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Source: Yen.com.gh
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