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Additional funds needed to complete Bui city project

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The Deputy Minister for Energy in charge of power supply, Alhaji Inusah Fuseini, has said government will require an additional $180 million to complete the Bui City project, a component of the 400 MW Bui Hydroelectric Project being financed by the Chinese government. The Minister, responding to a question in Parliament, said "the $622 million loan facility approved by the House would not be able to cater for all components of the project." Due to lack of funding towards the implementation of the Bui city concept, the Bui Power Authority (BPA) is currently sourcing for additional funds to ensure the completion of the project. Alhaji Fuseini revealed that as part of efforts to attract the capital investment required to develop the basic components of the city concept and ensure its realisation, "a focus group has identified several primary economic activities that could sustain the city.” The Bui city concept was to develop relevant infrastructure needed to support the establishment of a well-planned city within the Bui project area, he added that the city complex would be located downstream of the dam on both banks. The Bui City Project is a nucleus of a metropolis which was conceived long ago in the 1920s by one Albert Kitson who had visited the gorge and declared the site suitable for a Hydro plant. When completed, the Bui city will be one of the potential new growth poles for enhancing cross- border trade and tourism. It is envisaged that the Model City will be the Most Livable City in Africa, representing a human habitat to accommodate the influx of people seeking to take advantage of new opportunities offering economic, tourism and educational opportunities. The vision seeks to make this a world-class facility, leading in tourist attraction in the sub region characterised by value added features such as good jobs and economic opportunities, a new economic zone which embraces technology, effective and efficient infrastructure, diversified affordable housing options, as well as access to health care schools. The Bui city with its own university is also expected to accommodate over one million inhabitants in the next 30 years. Source: ISD (Gilbert Ankrah)

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.