GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
No Result
View All Result
Home Business

US$398m Tema-Akosombo Rail Facility Approved

November 24, 2016
in Business
Share on FacebookShare on Twitter

Government’s efforts at building an integrated intermodal system of transport to ease the pressure on the country’s busiest seaport as well as push up the gains from the maritime logistics transport value chain has gained significant grounds.

You Might Also Like

Nana Akufo-Addo Has Won 2020 Ghana Elections with 51.7% of the Vote

Online Casino Best-Themed Games

Utilize Reliable Exam Dumps to Attain Cisco 300-320 R&S Certification Easily

This follows Parliament’s approval of a US$398,330,000 commercial contract agreement for the design and construction of an 84.8 km single standard gauge railway line from Tema to Akosombo on an engineering, procurement and construction (EPC) basis.

The project, which forms the foundation of a planned multi-modal freight corridor, is a partnership between the Ghana Railway Development Authority (GRDA) and AFCONS Infrastructure Limited of India, with the latter as the financier.

The project, when completed, will expedite the movement of cargo from the Tema Port, which will in turn improve vessel turnaround time to make the port more competitive.

It is also expected to address the imbalance between transport modes for long distance transit and domestic freight from the south to the northern part of the country.

Vice-chairman of the Parliamentary Committee on Roads and Transport, Kwame Governs Agbodza, said of the project on the floor of parliament: “The implementation of the project will link the Tema Port to the Volta Lake transport network especially north-south movements.

This will open up the lake to the transportation of various cargo either than fuel and cement as is the current situation.”

Transport Minister, Fifi Fiavi Kwetey, recently announced plans of the government to build an integrated intermodal system of transport as part of efforts to make actors of the dominant sea trade sector more competitive.

The Tema-Akosombo rail line was originally among the set of projects to be procured under the China Development Bank (CDB) facility which failed to materialise hence the need for alternative funding.

Works on the project will include the building of six rail stations at the Tema Port, Tema Industrial Area, Afienya, Doryimu/Kodiabe, Kpong and Akosombo Town.

Railway heads or terminals will also be constructed at Tema and Akosombo including the provision of operational facilities and loading equipment.

Aside easing the pressure on the road networks along the corridor, the rail line will also significantly reduce the cost of transportation of bulk commodities as well offer an alternative and cheaper means of transport for passenger who ply that route.

Mr. Agbodza stressed: “The railway line will also facilitate the carting of cotainerised cargo and agricultural produce from the SADA enclave to the Tema Port for export.

The duration for the project is three and a half years and it is expected to take off when 70 percent of the land has been handed to the contractor free of all related issues.

Join GhanaStar.com to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.

Tags: Afcons Infrastructure LimitedakosomboAkosombo TowncementChina Development BankConstruction & Engineering - NECcontractorCorporate Financial Services - NECEPCFifi Fiavi KweteyfinancierghanaGhana Railway Development AuthorityindiaKwame Governs AgbodzaParliamentary Committee on Roads and TransportRail freight transportRail transportroad networkstemaTema PortTransport in Ghanatransport ministertransport networktransportationVice ChairmanVolta Lake

Related News

Covid-19: President Akufo-Addo To Address Ghanaians Tonight

Nana Akufo-Addo Has Won 2020 Ghana Elections with 51.7% of the Vote

by ghanastar
December 9, 2020
0

Nana Akufo-Addo won Ghana’s national election, becoming president-elect at the third attempt and cementing the country’s reputation as a standard-bearer...

Online Casino Best-Themed Games

Online Casino Best-Themed Games

by ghanastar
July 9, 2020
0

Whether you like casino games or not, we can all agree that people like themes, and they express their lover...

Utilize Reliable Exam Dumps to Attain Cisco 300-320 R&S Certification Easily

by ghanastar
July 14, 2020
0

Cisco’s certifications are among the most popular credentials for IT professionals. The company is considered to be one of the...

Burkina Faso: Attack on Church Kills at Least 14

by
December 1, 2019
0

At least 14 people have been killed after gunmen opened fire inside a church in Burkina Faso. The victims were...

Next Post

Zeal and Prodigal of VVIP Endorse Mahama

Election 2016: NDC Will Win One Touch

Categories

  • Africa & World
  • African Music Lyrics Directory
  • Business
  • Business Directory
  • celebrities
  • Computing
  • Diaspora
  • Entertainment
  • Events
  • Feature
  • Featured
  • Ghana Elections 2016
  • Headlines
  • Health
  • International
  • Internet
  • Jobs
  • lifestyle
  • Music
  • News
  • Offbeat
  • Opinion
  • Politics
  • Profiles
  • Religion
  • Security
  • Seth Terkper
  • Smart Home
  • Social Networks
  • Sports
  • Technology
  • Top Stories
  • World News

Tags

accra addo africa Association football Banks - NEC business Business_Finance chairman Donald Trump economy education Entertainment_Culture environment Geography of Africa ghana Ghanaian people government Government of Ghana Human Interest John Dramani Mahama john mahama Law_Crime mahama minister MPs elected in the Ghanaian parliamentary election Nana Addo Nana Addo Dankwa Nana Akufo-Addo National Democratic Congress National Democratic Congress (NDC) New Patriotic Party New Patriotic Party (NPP) nigeria politics Politics of Ghana president Social Issues Social Media Social Media & Networking sports United Kingdom United Nations United States Vice President War_Conflict

Recent Posts

  • Government of Ghana Unveils Official Portraits of President John Dramani Mahama and Vice President Prof. Naana Jane Opoku-Agyemang
  • Who Is the Woman (Sheena Gakpe) in Sarkodie’s Latest Hit “No Sir” and Why Everyone Is Talking about It
List of Ghana Holidays for 2020
Ghana Geocoding
Ghana Cedis Exchange API
Ghana Maps Service
Toyota Cars Auto Auction History
  • African Music Lyrics Directory
  • Business Directory
  • Diaspora
  • Top Stories

All rights reserved © 2021 GhanaStar.com

No Result
View All Result
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music

All rights reserved © 2021 GhanaStar.com