{"id":367039,"date":"2017-11-01T08:23:50","date_gmt":"2017-11-01T08:23:50","guid":{"rendered":"http:\/\/citifmonline.com\/?p=367039"},"modified":"2017-11-01T08:23:50","modified_gmt":"2017-11-01T08:23:50","slug":"govt-seeks-transaction-adviser-for-rail-transit-system-in-accra","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/11\/govt-seeks-transaction-adviser-for-rail-transit-system-in-accra\/","title":{"rendered":"Gov&#8217;t seeks transaction adviser for rail transit system in Accra"},"content":{"rendered":"<p>The Ministry of Railways Development is seeking the services of a transaction adviser for the development of a metro rail transit system in Accra and its environs.<\/p>\n<p>The transaction adviser is expected to assist the Ministry to develop a bankable document and assist with the procurement of a private sector partner to undertake the development of the project.<\/p>\n<p>[contextly_sidebar id=&#8221;o1HiyjZEiLkYIEHmysjTe9LDFsJLiO8u&#8221;]A document sighted by <strong>Citi News<\/strong> suggests that the transaction advisory role would be replicated in the development of the Kumasi to Paga, the Kumasi, and the Western Rail lines.<\/p>\n<p>\u201cThe Ministry of Railways Development intends to apply parts of its budgetary allocation to payments under a contract for construction advisory services for the development of a metro rail or light road transport system. The first phase of the assignment will be a study, and we will have the following stages,\u00a0identification of major travel corridors through a comprehensive traffic study including primary traffic and travel surveys, and development of land use parameters and transport demand modelling.&#8221;<\/p>\n<p>Advice is also needed on &#8220;Technical, Financial , Economic and Environmental or safeguard as well as the legal feasibility of the selected system along the identified or agreed priority corridor or corridors in Accra and its environs as identified and agreed upon with stakeholders,&#8221; the document said.<\/p>\n<p>The NPP government has declared its commitment to <a href=\"http:\/\/citifmonline.com\/2017\/03\/12\/well-restore-railways-to-its-glorious-days-minister\/\"><span style=\"color: #666699;\"><strong>revamp the railway sector<\/strong> <\/span><\/a>which has been dormant over the years.<\/p>\n<p>The Minister for Railways Development, Joe Ghartey, had revealed that over 200 companies so far, from countries like the United States of America, Switzerland, Germany, China and Ghana, have shown interest in the development of Ghana\u2019s railways, and have submitted proposals to this effect.<\/p>\n<p>During his vetting, Mr. Ghartey said one of the tragedies of Ghana\u2019s post-colonial development was the neglect of the country\u2019s railways.<\/p>\n<p>\u201cOne of the things our country should have focused on was the development of its railway. Railways bring jobs, development, and uplifts communities. Ghana\u2019s railway system has collapsed,\u201d he said.<\/p>\n<p>The Minister continued, \u201cPresident Akufo-Addo, through the establishment of the Ministry of Railways Development, has indicated that he wants to revive the railway sector, and has put persons from the Western Region to take charge of it. We will not disappoint. We will surely deliver.\u201d<\/p>\n<p>&#8211;<\/p>\n<p>By: Marian Ansah\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Railways Development is seeking the services of a transaction adviser for the development of a metro rail transit system in Accra and its environs. The transaction adviser is expected to assist the Ministry to develop a bankable document and assist with the procurement of a private sector partner to undertake the development [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5,11],"tags":[3,1887,1888],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gov&#039;t seeks transaction adviser for rail transit system in Accra - Citi 97.3 FM - Relevant Radio. 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