Construction of 2.2 billion dollar Eastern railway line to commence soon, investors await parliamentary and cabinet approval

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Construction works on the $2.2 billion worth Eastern railway line are expected to commence soon.

The investors under the Ghana-European Railway Consortium have signaled that they are ready to begin works as soon as Parliament and Cabinet approve the deal.

This came to light at the launch of the commencement of negotiation of concession agreement for the Eastern standard gauge.

Government is to take a minority share of the deal.

The project comprises 24 passenger trains and six freight coaches upon completion of the 340 kilometre construction.

The line links Tema, Accra and Kumasi and it is expected to boost economic activities especially at the Boankra inland ports upon completion.

The construction process is expected to last for three years and the Consortium “the hope project’’ will be a shining example of Ghana-German Corporation, with the Ghana-European Railway Consortium which is undertaking the project, pledging to start work in earnest.

There will be six main stations, 34 substations on the track which is a double line, with the Consortium hoping to recoup its investment within 27 years after the three years of construction.

The project is a Build, Operate and Transfer (BOT) deal and that the concession will be given for a certain number of years.

Source: BestNewsGH.com


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Kennedy Mornah is an Award Winning Ghanaian Journalist with over two decades of experience in the Ghanaian Media landscape spanning the electronic, print and digital media. He is a Media Consultant, a Corporate MC, Radio and TV Host, Founder and Publisher of the Maritime and Transport Digest Newspaper, Businessman, a Go getter and an optimist. He has worked for renowned media organizations including Diamond Fm in Tamale, Luv Fm in Kumasi, Oman Fm in Accra and Starr Fm in Accra In 2017 he received the Reporter of the Year Award at the Ghana Shippers Awards in Accra, Ghana.

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