The Government of Ghana and the China National Machinery Import & Export Corporation (CMC) has signed a $US6,050 billion contract agreement for the construction of a railway from Nsawam through Kumasi to Paga on the border with Burkina Faso, together with a branch from from Tamale to Yendi.
The first and second phases of the projects are to commence on 1 September 2012 and in June 2014, respectively.
Minister for transport Mike Hammah pledged Ghana's commitment to revamping the railway system to attract investors into the country and to improve the economy. He expressed the hope that the contract will bring a long-lasting cordial relationship and collaboration between his country and the Chinese government.
The department of public enterprise and the National Treasury have indicated that they intend to consolidate procurement for locomotives into a single institution, under the directorship of Transnet....