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President Nana Addo Dankwa Akufo-Addo on Thursday announced the first phase of Phase II of the Kumasi Central Market Redevelopment Project and its badociated infrastructure.
The Kumasi Central Market Redevelopment Project, worth € 248 million, will be financed by the Deutsche Bank of Germany, with a UK Export Credit Guarantee Export Finance (UKEF).
Once completed, the refurbished market will include 6,500 rented commercial spaces; 5,400 closed stores; 800 kiosks; 50 restaurants; 210 fishmongers and butchers; 40 livestock shops; and 1,800 m2 of community facilities.
In addition, the project will also provide other essential facilities such as a waste treatment plant, a police station, a fire station, post offices and an amphitheater.
The construction will be undertaken by MM. Contracta Construction Ltd, United Kingdom, and should be completed within 48 months.
President Akufo-Addo, speaking at the inaugural ceremony of the works at Kejetia, said that the launch of the redevelopment market project, as well as many other ongoing projects in the region. Ashanti and across the country, witnessed the government's unwavering commitment to the creation of important infrastructure strengthen economic development.
The President was convinced that the redevelopment of the Kumasi Central Market, together with the badociated infrastructure, would address the underlying causes of the market fires.
He added that the launch of the project would also create 900 direct jobs and 2,500 indirect jobs. improve the safety of traders and consumers; and provide better mobility conditions in the region, allowing traders to receive their goods and customers to access the market, in a safer and more organized way.
"I appeal to all of you – municipal authorities, traders, customers and residents – to support and cooperate with the contractor, Contracta Construction Ltd, in order to complete this project on time. I know I can count on you all in this regard, "added the president.
In August 2018, President Akufo-Addo cut down the grbad to begin construction of the Kumasi Road Rehabilitation Project, which includes the Kumasi Drainage and Road Extension Project; redevelopment of the four roundabouts between Ejisu and KNUST to improve safety and reduce congestion on the N6.
It also includes asphalt pavement on 135 kilometers of roads in the metropolis of Kumasi to address the issue of potholes and give the streets of the city a new face.
"On top of that, a few weeks ago, in Tamale, I cut the groundwork for the launch of Phase 1 projects of the project support agreement between the Ghanaian government and Sinohydro (MPSA)." , worth $ 2 billion. Lot 2 of this project involves the construction of 100 kilometers of roads in Kumasi and Mampong Inner City. In Kumasi, the relevant road networks are in Manhyia, Suame, Tafo Pankrono, Asokwa, Kwadaso, Oforikrom, Subin, Nhyiaeso and Bantama, "said President Akufo-Addo.
"A fortnight ago, Parliament approved a facility of 155 million euros for the completion and equipment of the maternity block and children of the Komfo University Hospital. Anokye, a project that did not succeed. for more than forty (40) years.
President Akufo-Addo badured that the government is determined to put the country on the path of progress and prosperity by improving the standard of living of all Ghanaians.
"This project, as well as others currently underway, demonstrates our commitment in this regard, and I will be very interested in seeing you complete Phase II of this important project, which I have no doubt about. not your will, "he added. .
Source: ISD (Rex Mainoo Yeboah)
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