Akufo-Addo cuts sod for €248m Phase II of Kumasi Central Market redevelopment project

Akufo-Addo cuts sod for €248m Phase II of Kumasi Central Market redevelopment project

- President Nana Addo Dankwa Akufo-Addo and the Asantehene, Otumfuo Osei Tutu II cut the sod for construction works to begin on the Kumasi Central Market redevelopment project

- Construction works on the redevelopment of the Kumasi Central Market, said to be the largest in the West African sub-region

President Akufo-Addo has cut sod for the redevelopment of phase two of the Kumasi Central Market to begin.

The president did the sod-cutting during a ceremony on Thursday, May 2, 2019 at Kejetia in Kumasi in the Ashanti Region.

He said government is committed to ensuring that there is massive infrastructure in the country, which would in turn create jobs.

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He indicated that the project will cost €248 million and is being financed by Deutsche Bank of Germany, with export credit guarantee from the United Kingdom Export Finance (UKEF).

According to him, the redevelopment of phase two of the Kumasi Central Market should be completed within the next 48 months.

The redevelopment of the Kumasi Central Market is a two hundred and forty-eight-million-euro (€248 million) project, and it is being financed by Deutsche Bank of Germany, with export credit guarantee from the United Kingdom Export Finance (UKEF). The construction will be undertaken by Messrs Contracta Construction Ltd, UK, and will be finished within 48 months,” Nana Addo said.

I appeal to all of you, city authorities, traders, customers and residents, to support and co-operate with the contractor, Messrs Contracta Construction Ltd, so as to complete this project on time. I know I can count on all of you in this regard,” he added.

When completed, the Kumasi Central Market is expected to have a transport terminal, sewage treatment station, union offices and a police station.

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It will also have a fire station, post offices, crèche, cafeteria for staff, change room for staff, generators, fuel and gas stations plants, as well as administrative offices.

In addition, the redeveloped market will have 6,500 leasable commercial spaces; 5,400 closed stores; 800 kiosks; 50 restaurants; 210 fishmonger and butcher stores; forty 40 livestock stores; and 1,800m2 of community facilities.

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Source: Yen.com.gh

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