Ghana signs its biggest single railway contract in history worth $560 million
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Ghana signs its biggest single railway contract in history worth $560 million

- Ghana has signed a $560 million contract with regard to the construction of railway lines

- The lines would run from Western Railway Line (Standard Gauge Line) between Takoradi Harbour and the Huni Valley

- This is the first time a railway project has been executed on such a scale in Ghana

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YEN.com.gh has learned that Ghana has signed a $560 million deal with Amandi Holdings Limited for the construction of sections of the Western Railway Line (Standard Gauge Line) between Takoradi Harbour and the Huni Valley.

Information available shows that the signing ceremony took place on Wednesday, June 3, 2020.

Present were Joe Ghartey, the Minister of Railway Development, Richard Diegong Dombo, the Chief Executive Officer of the Ghana Railway Development Authority (GRDA) and Nadav Simhoni, Managing Director of Amandi Holdings Limited.

READ ALSO: Komenda Sugar Factory: Strategic investor selected by Cabinet to invest $28 million

Per a report by Ghana News Agency, the signing of the agreement would be followed by Cabinet’s approval for it to be taken to Parliament.

The project is on record as the biggest single railway contract ever in the history of Ghana and would take 42 months to complete from the date of commencement, which is October 2020.

The 102km single-track railway line would come with stations along the tracks, an initial workshop facility at a location to be specified by the Employer, and an initial complement of rolling stock.

Ghartey explained that the indicative scope of works of the project includes the construction, provision, testing and commissioning of other works; such as the construction of approximately eight kilometres of standard gauge railway tracks connecting the existing dual gauge tracks in Takoradi to the Takoradi Port for easy and efficient access for cargo handling.

In other news, YEN.com.gh has learned that Cabinet has approved a Ghanaian company in the agribusiness sector, Park Agrotech Limited, as a strategic investor for the Komenda Sugar Factory.

This was announced by Alan Kyeremanteng, the Minister for Trade and Industry, in Parliament, on Wednesday, June 3, 2020.

The minister informed Parliament that Agrotech is likely to team up with STM Projects Limited, an Indian company with extensive experience in the management and operation of sugar mills and plantations in India and other parts of the world.

READ ALSO: Oil prices surge pas $40 for the first time in 3 months after 30% fall

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Source: Yen Newspaper

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