GHANA NEEDS 7.3 BLNS USD TO OVERCOME ITS INFRASTRUCTURE DEFICIT

ACCRA, Ghana needs 7.3 billion US dollars to bridge its infrastructure gap, according to a survey carried out last year, says the Co-ordinator for Public-Private Partnship (PPP) at the Ministry of Finacne, Isaac Oware-Aboagye.

Therefore, he adds, the PPP arrangement has become necessary so that Government can leverage on the private sector’s capacity to support the implementation of such projects.

Currently, he said at the Ghana PPP Upgrading of the Accra-Tema Motorway Project (ATMP) Initial Market Sounding here Tuesday, ithe government did not have the financial resources needed to undertake infrastructural development because it had other pressing national needs.

The progamme was held with the aim of appraising the private sector on partnering with the Government to undertake the proposed highway project to link the nation’s capital with the largest port at Tema, some 25 kilometres to the east.

The event brought together project financiers, investment analysts, construction consultants, civil engineers, legal practitioners, officials from the Ghana Highways Authority, the Ministry of Roads and Highways, the Ministry of Finance and the Ghana Infrastructure Investment Fund.

Oware-Aboagye said the total stretch of the ATMP extension would cover about 62 km of a six-lane carriageway. The project is seen as vital because it carries high volumes of international traffic in view of it being a part of the Trans-West African Coastal Highway.

He said the current road carries traffic to and from neighbouring Togo and Cote d”A�voire as well as north bound traffic to landlocked countries such as Burkina Faso, Mali and Niger.

Oware-Aboagye noted that the highway would contribute immensely to the economies of the Economic Community of West Africa States (ECOWAS), by improving intra-regional trade.

Source: NAM NEWS NETWORK

   

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