Home / Rail sector collapsed – GRDA CEO

Rail sector collapsed – GRDA CEO

The budgetary allocation to the railway sector over the years has not been enough to ensure that the sector becomes vibrant, Richard Diedong Dombo, Chief Executive Officer of the Ghana Railway Development Authority, has said.

He, however, said the authority, in collaboration with the current government, is putting in place several initiatives to ensure that the sector becomes buoyant.

“We are looking at various modes of funding for the sector,” he told Chief Jerry Forson on Ghana Yensom on Accra100.5FM Tuesday, 17 July.

Mr Dombo added: “The Finance Minister is limited as to how much he allocates to the sector because there are other sectors competing for the resources, so, we had to look for other sources of funding to support what we are given by the Finance Minister. We needed to think outside the traditional box for funding.”

He further explained that on the average, $ 4.2 million is needed to construct a one-kilometer rail. But the budgetary allocation to the sector over the years has not been enough to ensure that more kilometers of rail are constructed.

“For instance, in 2016 the rail sector was allocated GHS 20million. When you do the conversion into dollars, you will realise that this amount can only construct just a kilometer of the rail.

“This tells you that the GHS 20 million given to the sector in 2016 was for maintenance and salaries and others, not for construction of new railway lines,” he told show host Forson.

When asked whether one will be right to indicate that the rail sector has collapsed, he answered: “It is an absolute truth but it is not this regime that has caused it. The good news is that we are rising. The railway sector, in due course, will be very buoyant.”

Source: Ghana/ClassFMonline.com

About Elvis Anokye

Check Also

Nigeria To Castrate Rapists

Governor of Kaduna in Northern Nigeria, Nasir El-rufai has signed the law on surgical castration …

3 killed after car crashes into tree, splits in two

Three men were killed and two others left injured on Monday morning when a light …

Yeji: Police Kill Robber In Gun Battle, Three Others Escape

A suspected robber has been killed following a firece shootout with police officers on the …

Leave a Reply

Your email address will not be published. Required fields are marked *