2.2bn dollar Eastern Railway project ready to take off

2.2bn dollar Eastern Railway project ready to take off

Construction work on the $2.2 billion worth Eastern railway line is expected to commence soon.

According to DGN Online reports, 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 was made known at the launch of the commencement of negotiation of concession agreement for the Eastern standard gauge.

2.2bn dollars Eastern Railway Project Ready To Take Off

2.2bn dollars Eastern Railway Project Ready To Take Off Source: UGC
Source: UGC

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Government is expected to take a minority share of the deal that has being approved and signed.

The project is expected to serve 24 passenger trains and six freight coaches upon completion of the 340 kilometres construction.

The construction process, DGN Online gathered, is expected to last for three years and the Consortium “hopes the project will be a shinning example of Ghana-German corporation, with the Ghana-European Railway Consortium which is undertaking the project, pledging to start work in earnest.

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Source: Yen.com.gh

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