Ghana signs $2.3bn agreement for Skytrain project
The government has signed the $2.3 billion concession agreement for the construction of the Accra SkyTrain Project.
The agreement was signed on the sidelines of the 2nd Edition of the Africa Investment Forum - a forum aimed at raising capital, advancing projects to bankable stage, and accelerating financial closure of deals in South Africa on Monday, 11 November 2019.
The SkyTrain Project is expected to ease road traffic congestion in Accra.
Railway Development Minister Mr Joe Ghartey signed the agreement for Ghana.
The African Investment SkyTrain Consortium is made up of Wilson Bayly Holmes, a construction engineering company in South Africa; BUNENGI Group, a project development company focused on developing projects in infrastructure; and Ai Capital, the investment and financing arm of the Ai Group, one of the most influential international investment banking advisory groups focused on Africa.
Source: classfmonline.com
Trending News
NPP PWDs affirm support for Bawumia
08:54Gov’t releases ₵26m to institutional suppliers
11:52PAC orders East Gonja Municipal Assembly to pay contractor GHS92,704 with interest
06:09Parliament reconvenes late May, denies Bagbin delaying recall over NDC ties
08:37Feeding grants'll be paid directly to school heads in my next gov’t – Mahama promises
11:02Lack of public purse protection ‘pathetic’ – Sam Jonah calls out ‘weaponisation of state agencies against opponents, assault on press freedom'
04:02Gov't plans to revise traditional customs following controversial Gborbu marriage
08:30NDC Youth Wing expresses solidarity with nurses and midwives
10:08Let's do away with 'slash and burn' politics- Adutwum
03:26Labour threatens strike over unpaid pensions
08:18