Gov't signs $2.3bn concession agreement for Accra Sky Train Project

Gov't signs $2.3bn concession agreement for Accra Sky Train Project

Information reaching YEN.com.gh indicates that Ghana has signed a 2.3 billion dollar concession agreement for the construction of the Accra Sky Train Project in Johannesburg, South Africa.

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The signing of the concession agreement means studies to find out how feasible the project would be, spanning a period of nine months to determine the bankability of the project would begin.

Investors have however assured that the first station for the Accra Sky Train project would be opened in 9 months.

Accra to have first sky train station in August

Minister of Railways Development Joe Ghartey also signed the agreement for Ghana Source: UGC
Source: UGC

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At the signing ceremony on Monday, November 11, 2019, President Akufo-Addo described it as “a happy day for Ghana and her good people”.

According to the president, Accra Sky Train Project is a step in the right direction to meeting an important infrastructural need.

He, however, expressed the hope that Ghanaians would benefit from the project and give the relief that a modern system of transport in our capital city is going to bring by easing the traffic situation in Accra.

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The SkyTrain initiative in Accra would provide for the development of five routes, four of which are comprised of radial routes that originate at the proposed SkyTrain Terminal, at the heart of Accra, at a newly developed Kwame Nkrumah circle, and one (1) route that provides an intra-city commuter loop distribution service, also emanating from Circle.

YEN.com.gh earlier reported that the government of Ghana earlier signed an agreement with a South African group, Africa Investment (Ai) SkyTrain Consortium, for the construction of the Accra Sky Train Project.

Railways Development minister, Mr Joe Ghartey, signed the agreement on Ghana's behalf on the sidelines of the Africa Investment Forum in Johannesburg, South Africa.

The minister emphasized that the Sky Train Project was the solution to the ever-increasing road traffic congestion in Accra, with its detrimental effects on economic activity, pollution and the quality of life.

READ ALSO: Ghana signs agreement for Accra Sky Train Project

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Source: Yen

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