Ghana has signed an agreement with South African group, Africa Investment SkyTrain Consortium for the construction of Accra sky train project.
Railways Development Minister, Mr Joe Ghartey, signed the agreement for Ghana on the sidelines of the Africa Investment Forum in Johannesburg, South Africa.
He emphasised that the Sky Train Project was the solution to the ever-increasing road traffic congestion in Accra, with its detrimental effects on economic activity, pollution and the quality of life.
“There is confidence in the project. The promoters (Ai SkyTrain Consortium) are very serious, and that is why we invited the President, himself, to witness the signing. This should assure the investors that Government is solidly behind it. The economics of this project are also good. We are very excited about the prospects,” he said.
“Today, we have signed an MoU, which will last nine months, where they (Ai SkyTrain Consortium) can do their feasibility into detail. After which we have given ourselves 45 days to take our concessionary agreements for approval by Cabinet and also by Parliament. By January 2020, we should start the construction of the project,” Mr Ghartey said.