The Government of Ghana through the Ministry of Railways Development has finalized a $2.2 billion dollars agreement to construct the Eastern Railway line project.
The concession agreement which was signed with Ghana European Railway Consortium (GERC) will see the construction of a 340 kilometre rail line.
The 340 kilometre project which would run from the Tema Port through Accra, Koforidua and end in Kumasi, is a Built, Operate and Transfer (BOT) project, with the Ghana having a 30 per cent share.
It would take three years to complete the project; upon which GERC would then operate it for 27 years before handing over to the Government.
The project would have a branch line at Bosuso to Kyebi in the Eastern Region to the proposed bauxite mines in the area, and it would also be linked up to the inland port at Boankra in the Ashanti Region.
The negotiations for a new standard gauge Eastern Railway lines was reached, on Thursday, April 4, 2019 at Peduase between Joe Ghartey, Minister of Railways Development and Mr Heinz Kroczek, GERC representative.
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