Ghana Signs MoU For Accra Sky Train Project

The Minister for Railways Development, Hon. Joe Ghartey, MP, has on behalf of the people and Government of Ghana, signed a Memorandum of Understanding with the Africa Investment (Ai) SkyTrain Consortium, based in South Africa, for the construction of the Accra Sky Train Project.

The MoU was signed on Tuesday, 8 November, on the sidelines of the ongoing Africa Investment Forum, being held in Johannesburg, South Africa and ends today.

The MoU which will last nine months, enables the Ai SkyTrain Consortium to compile a detailed feasibility study, this will then be followed by the approval of the concessionary agreements, by the Cabinet in Ghana. If all goes well, construction should begin January 2020.

President Akufo-Addo stated that after the deterioration of Ghana’s rail infrastructure over the years, “it has become a priority of our government to rehabilitate, revive and expand, and get us a railway infrastructure that is fit for purpose.”

The African Investment SkyTrain Consortium is made up Wilson Bayly Holmes (WBHO), a construction engineering company in South Africa; BUNENGI Group, a project development company focused on developing projects in infrastructure; and Ai Capital, the investment and financing arm of Africa investor (Ai) Group, one of the most in influential international investment banking advisory groups focused on Africa.


Related Articles