$2bn-for-bauxite deal: Ghana to receive $649m
Ghana is ready to access the first tranche of the $2 billion Sinohydro infrastructure-for-bauxite facility, Minister of Information, Kojo Oppong Nkrumah, has revealed.
The master project support agreement between the government of Ghana and Sinohydro of China was executed in 2017 and subsequently approved by parliament.
“After initial hurdles were successfully managed, Ghana is ready to tap into the first tranche of the agreement, which is worth US $649m,” Mr Nkrumah disclosed at a press briefing on Wednesday, 21 November 2018.
He said two sets of contracts have been laid before parliament. These are the Engineering Procurement Construction contracts (EPC) and the Deferred Payment Agreements (DPA).
He further revealed that parliament’s Finance Committee is scheduled to meet on the agreements at 2 pm on Wednesday, after which the committee’s report “will be presented to the plenary, hopefully before the end of this month to pave the way for construction work to begin”.
The first tranche will be used in constructing the following roads:
Sinohydro Phase 1 Project
Lot No.
Description
Unit
1. Accra Inner City Roads – 84.0 km
2. Kumasi Inner City Roads – 100.0 km
3. Tamale Interchange Project
4. PTC Roundabout Interchange Project, Takoradi
5. Adenta-Dodowa Dual Carriageway – 14.00 km
6. Sunyani Inner City Roads – 39.00 km
7. Western region and Cape Coast Inner City roads – 32.19 km
8. Upgrading of Selected Feeder Roads in Ashanti and Western Regions
9. Rehabilitation of Oda-Ofoase-Abirem Road – 38.00 km
10. Construction of Hohoe – Jasikan – Dodo Pepesu – 66.40 km
Further Details
LOT 1: ACCRA INNER CITY ROADS
1. Ga North – Trobu, 19.03 km
2. Ga Central – Anyaa Sowutoum, 23.97 km
3. Ga East – Dome Kwabenya, 21.70 km
4. Ledzokuku – Teshie, 11.3km
5. Nanakrom – Santeo, 8.0 km
LOT 2: KUMASI INNER CITY ROADS
1. Manhyia Sub-Metro, 11.00 km
2. Suame Sub-Metro, 9.45km
3. Tafo Pankrono Sub-Metro, 9.79km
4. Asokwa Sub-Metro, 9.91 km
5. Kwadaso Sub-Metro, 6.29 km
6. Oforikrom Sub-Metro, 7.43 km
7. Subin Sub-Metro, 8.98 km
8. Nhyiaeso Sub-Metro, 7.00 km
9. Bantama Sub-Metro, 10.00 km
10. Asante Mampong, 20.15 km
Total
100.0km
LOT 7: WESTERN REGION AND CAPE COAST INNER CITY ROADS
1. Akotokyir Roads (Cape Coast), 3km
2. Amamoma Area Roads (Cape Coast), 6km
3. Abura New Community Area Roads (Cape Coast), 7km
4. Polytechnic Area Roads (Cape Coast), 3km
5. Apawusika Road and Links, 3km
6. Prestea Town Roads, 10.19km
Total
32.19
LOT 8. SELECTED FEEDER ROADS IN ASHANTI AND WESTERN REGIONS
NO
1. Achiasejxn. – Wansamere – Awisasujxn. Feeder road, 7.2km
2. Mpasatia – Town roads, 4km
3. Nyinahin – Adupri feeder road, 4.5km
4. Nyinahin – SeresoTimpon – Achiase Junction feeder road, 29.7km
5. Nyinahin – Town roads, 4.1km
6. Nyinahin Market Junction. – Pentecost Church feeder road, 1.5km
7. Nyinahini – Kyekyewere feeder road, 14km
8. Kessekrom – Adiembra feeder road, 3km
Total
68
Source: Ghana/ClassFMonline.com
