{"id":343095,"date":"2017-08-08T11:31:01","date_gmt":"2017-08-08T11:31:01","guid":{"rendered":"http:\/\/citifmonline.com\/?p=343095"},"modified":"2017-08-08T11:31:01","modified_gmt":"2017-08-08T11:31:01","slug":"21-5b-needed-to-revive-railway-sector-railway-authority","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/08\/21-5b-needed-to-revive-railway-sector-railway-authority\/","title":{"rendered":"$21.5b needed to revive railway sector \u2013 Railway Authority"},"content":{"rendered":"

Ghana would need about $21.5 billion to fully revamp its railway sector.<\/p>\n

According to the Ghana Railway Development Authority (GRDA) the amount is needed to procure new coaches, refurbish existing lines and construct additional 4,007.6 kilometers of railway lines across the country.<\/p>\n

The Chief Executive Officer of GRDA, Mr. Richard Diedong Dombo, who disclosed this to the Graphic Business newspaper, said the authority has decided to market the railway sector master plan to attract investors under a build, own, operate and transfer (BOOT) arrangement.<\/p>\n

\"rail,<\/p>\n

[contextly_sidebar id=”U9ULsJ6vqzrZBgmgZEr1Z933S339rQq4″]\u201cThe nation does not have the resources to undertake this master plan in one stretch. As a country, we cannot prioritize just the railway sector as there are other priorities such as health, education and agricultural so the railway sector gets just a slice of the national resources and this means we have to think outside the box, which is government funding,\u201d he said.<\/p>\n

The Akufo-Addo government promised to revamp the rail sector and also created a new ministry dedicated to ensuring that the promised is fulfilled.<\/p>\n

Mr. Dombo said although his outfit had not requested for interests they have so far received proposals from more than 230 investors comprising of individuals, groups, and banks across the globe.<\/p>\n

About the master plan<\/strong><\/p>\n

The railway master plan which was completed in 2013, proposes a new railway network comprising of 4,007.6 kilometers across the country.<\/p>\n

The master plan is expected to be completed in six phases, with the first phase being the rehabilitation of existing rail lines.<\/p>\n

The second phase will deal with the extension of the central corridor, whilst the third phase will tackle the extension of the transversal links.<\/p>\n

While the fourth phase will look at extending the trans-ECOWAS line, the fifth phase will aim at extending the western line. The sixth phase is also expected to help extend the eastern line.<\/p>\n

Western rail line will be completed by 2020 \u2013 Joe Ghartey<\/strong><\/p>\n

In a related development, the Minister for Railways Development, Joe Ghartey, has assured that before the end of President Akufo-Addo\u2019s mandate in 2020<\/strong><\/a><\/span>, the rehabilitation and construction of the Western rail line would be completed.<\/p>\n

\u201cWe have already started the design of the Western Rail line from Kojokrom to Tarkwa. The transportation of bauxite from Awaso has been incorporated into the design,\u201d he noted at a durbar of Chiefs and people at Bibiani\u00a0on Monday.<\/p>\n

–<\/p>\n

By: citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"

Ghana would need about $21.5 billion to fully revamp its railway sector. According to the Ghana Railway Development Authority (GRDA) the amount is needed to procure new coaches, refurbish existing lines and construct additional 4,007.6 kilometers of railway lines across the country. The Chief Executive Officer of GRDA, Mr. Richard Diedong Dombo, who disclosed this […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[10,11],"tags":[3,2850,523,9985,9986],"yoast_head":"\n$21.5b needed to revive railway sector \u2013 Railway Authority - Citi 97.3 FM - Relevant Radio. 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