Support Agreement for the US $ 2 Billion Project Approved by Parliament

Parliament Approves a $ 2 Billion Main Project Support Agreement Between Ghana and Sinohydro Corporation Limited for Construction Projects Priority infrastructure. Mr. Mark Assibey-Yeboah, Chairman of the Finance Committee, introduced the motion, stressing the crucial importance of a good road infrastructure for rapid socio-economic development. He added that access to improved roads would go a long way toward reducing travel times, congestion, vehicle operating costs, accidents and the cost of doing business.

He added that ensure the operational efficiency of the road transport sector. moving people, goods and services into the country and into neighboring countries was vital for economic growth.

Dr. Assibey-Yeboah said that the government has continued to seek funds to implement other critical infrastructure projects, including hospitals, bridges, interchanges, roads, affordable housing and landing sites.

million. Kwartebg stated that under the MPSA, Sinohydro had agreed to arrange for one or more loan facilities for payment purposes. He indicated that the total cost of these priority projects was estimated at US $ 2 billion, which Sinohydro had agreed to arrange for project financing for a deferred payment.

The Government will provide matching funding of 15% that remains of the construction and cost of the project