Gov’t needs US$21.5bn to revive railway industry

The Akuffo Addo led administration is putting in place US$21.5 billion to build a robust railway infrastructure in the country.

The project, which is expected to be completed in 2020, includes the revamping of the Western, Eastern and Central Railway lines covering a distance of 4,007 kilometers.

Mr. Joe Ghartey speaking at the maiden Ghana Consulting Engineers Association (GCEA) Week celebration in Accra last week, said it would cost US$1.8 billion to revamp the Western line, whereas $1.6 billion and $3.3 billion would be used for the Eastern and the Central lines, respectively.

“This, when completed, will connect the major cities such as Accra, Kumasi, Sekondi-Takoradi, and Tamale to the rest of the country,” he explained.

It was on the theme: “The role of consulting engineers and the development agenda of Ghana”.

Mr. Ghartey said the ministry would use the services of local transaction advisors to offer technical advice and the funding model to adopt.

“The ministry will not invest such a huge amount in the sector without considering local industry players on a quality and capacity-based approach. Therefore, we support the call for a local inclusion policy on any investment made in the country,” he stated.

The project, which forms part of the Ghana Railway Master Plan, Mr. Ghartey explained, would create jobs, facilitate trade and industrial development and stimulate economic growth.

“In the process, new towns and cities will be created and older towns will be revitalized under the ministry’s flagship programme: ‘from-station-to-cities’,” he added.

The Western Line is to improve transportation issues, such as transporting manganese from Nsuta to the port of Takoradi, adding that that would take the burden off the road network and ensure longer life spans for newly constructed roads.

Source: Ghanaiandemocrats