With the approval by parliament of the tranche of 649 million dollars of the Sinohydro deal, all is set for government to commence what it calls massive infrastructure development across the country.
This has also cemented Former President Kufour’s belief that 2019 is going to be a year of prosperity.
The Ghana Sinohydro US$ 2billion infrastructure deal is a barter arrangement which opens up a new financing model for the country to undertake infrastructure in exchange for refined bauxite.
The barter payment period will commence after an initial three year grace period because we are expecting a good chunk of the work and payment structure to be put in place within the first three years.
The objectives of the project, are to improve road infrastructure for enhanced intra-urban, regional and national road traffic flow, pursue rural electrification, affordable housing, fish landing sites, strengthen economic and regional integration and reduce the cost of doing business in the country.
Some earmarked projects include: 84 kilometers of Accra inner-city roads, 100 kilometers of Kumasi inner-city roads and the Takoradi interchange among others.
Source: BestNewsGH.com
