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Gov’t awaits $338 million loan approval for reconstruction of road

The Vice Chairman of the Finance Committee of Parliament, Patrick Boamah has disclosed that, government is seeking a parliamentary approval for a loan agreement of $338 million for the rehabilitation and expansion of the Accra-Tema motorway and other roads in the country.

Andy Frimpong Manso by Andy Frimpong Manso
December 12, 2023
in General, Local News, News, Review, Top Stories
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The Vice Chairman of the Finance Committee of Parliament, Patrick Boamah has disclosed that the government is seeking parliamentary approval for a loan agreement of $338 million for the rehabilitation and expansion of the Accra-Tema motorway and other roads in the country.

According to him, the project is divided into three sections even though the budget is lower than the total cost.

“The Accra-Tema motorway alone is 19.5 kilometres, but this project is 27.7 kilometres, so one may ask, where are you getting the remainder from? The entire project is divided into three sections. The first section is the Accra-Tema Motorway, which is 19.5 kilometres, and it is going to be the rehabilitation and expansion of a minimum of 10 lanes on the motorway… Then, the second section is N1, the George Walker Bush highway, and the scope is 5.7 kilometres… Then the third scope is the Nsawam road, rehabilitation of the existing six lanes on the Nsawam road”, he said.

Addressing the media, he said the project will be comprehensive and the committee will also finance the rehabilitation of the existing six-lane divided Nsawam highway within 36 months.

“…So this is the scope of work that is going to happen. So you can tell from what I have told you that it is going to be a very comprehensive program that will span about 3 years or more depending on how the project goes. And it is going to be a joint venture between Maripoma Limited and Ghana Infrastructure Fund”, he added.

Tags: accra-tema motorwayFinance Committee of ParliamentMinistry of Roads and HighwaysN1Nsawam roadPatrick Boamah




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