President John Mahama says his government is considering making Ghana\u2019s Railway sector a subsidiary of the Ghana Ports and Harbours Authority.<\/p>\n
[contextly_sidebar id=”u6v6o215eShyZZcZEgT5nPXhXGnnhohB”]This is in government\u2019s bid to coordinate activities in the transport sector.<\/p>\n
To this end, the government is seeking to amend the current legislation establishing the Ghana Railway Authority and its role in facilitating the movement of goods and persons via efficient rail infrastructure.<\/p>\n
\u201cIt is my intention to begin the process of amending our legislation covering the railway sector to create a new Ghana Railway company as a subsidiary of the Ghana Ports and Harbours Authority (GPHA),\u201d President Mahama stated.<\/p>\n
Mr. Mahama was speaking at the sod cutting ceremony for the Tema Port expansion project on Wednesday.<\/p>\n
The port expansion project which will increase the capacity of the Tema port in the handling of cargo, will also require similar infrastructure such as roads and railway network to facilitate movements to and from the site.<\/p>\n
Though Ghana\u2019s railway sector in the past served as a very important link between the two ports in Tema and Takoradi, the industry has been defunct for some time now over management challenges.<\/p>\n
The development has also culminated in workers threatening several strikes over non-payment of salaries.<\/p>\n
But President Mahama who is expected to commission the first phase of the Western Rail infrastructure project in the Western region in the coming weeks, is optimistic of a revamp in the railway sector in the short to medium term.<\/p>\n
President lauds GPHA for self-financing project<\/strong><\/p>\n Meanwhile the President has highly commended the management of the GPHA for its ability to fund the expansion of the Tema port on the company\u2019s own balance sheet.<\/p>\n \u201cGovernment has no contribution or financial liability in respect of this project; the entire financing has been by the GPHA and its partners, Meridian Port Services (MPS),\u201d Mr. Mahama remarked.<\/p>\n Furthermore, President John Mahama is highly confident that the completion of the Tema Port expansion project will culminate in government\u2019s objective of improving Ghana\u2019s Maritime industry.<\/p>\n This he said will attract other maritime services from across the sub region.<\/p>\n \u201cThe Authority will be responsible for the navigation of vessels, pilotage, stowage and overall security of the container terminal. Unlike the past that the GPHA used to depend on government subvention and sovereign guarantees, the Authority has overtime developed the financial muscle to contract loans on its own balance sheet to develop the relevant infrastructure and develop sustain the Maritime industry.\u201d<\/p>\n The Tema Port expansion project is expected to be completed in four years with the first phase completed in two years\u2019 time.<\/p>\n The cost of 1.5 billion dollars is a partnership between the GPHA and Meridian Port Services (MPS).<\/p>\n –<\/p>\n By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":" President John Mahama says his government is considering making Ghana\u2019s Railway sector a subsidiary of the Ghana Ports and Harbours Authority. [contextly_sidebar id=”u6v6o215eShyZZcZEgT5nPXhXGnnhohB”]This is in government\u2019s bid to coordinate activities in the transport sector. To this end, the government is seeking to amend the current legislation establishing the Ghana Railway Authority and its role in […]<\/p>\n","protected":false},"author":14,"featured_media":262206,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,171,1166],"tags":[],"yoast_head":"\n