Audio By Carbonatix
Mr Ekram Javad Miller, President of the Intercontinental Development Corporation of the United States of America, on Wednesday expressed interest in investing in the country's rail system.
He said they had already carried out feasibility studies with the Ministry of Transport on rail transport in Accra and were ready to invest a total of $1.5 billion in the construction.
Mr Miller announced this when he called on Vice President John Dramani Mahama to discuss the way forward towards the final implementation of the project.
He said the population of Accra was growing on a daily basis and required alternative transport systems to decongest vehicular traffic in the city.
"Due to heavy traffic in the city… I am told some people spend over three hours travelling from home to office and back and I trust that with the implementation of the rail system, workers would spend a little over 20 minutes for the same journey."
Mr Miller said he had already advanced moves to acquire half of the amount from the United State of America Bank, in addition to his personal funds, to execute the project.
He said the project would create a number of jobs for the youth and reduce workers' monthly expenditure on transport.
Vice President Mahama gave the assurance that government would review its development priority list to include the rail transport system.
He said the Ministry of Finance and Economic Planning would also study the terms of the project and come out with appropriate measures after which it would be taken to parliament for approval.
Vice President Mahama commended the investor for the confidence reposed in Ghana's democratic credentials and expressed the determination to collaborate with them for the execution of the project.
Source: GNA
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.
Tags:
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.
Latest Stories
-
US-Iran talks to begin in Switzerland as Tehran says it closed Strait of Hormuz
48 minutes -
Wole Soyinka demands actionable strategy for reparatory justice
2 hours -
England players to make own call on Partey handshake ahead of Ghana showdown
2 hours -
Two Kristo Asafo members drag church to court over succession dispute
3 hours -
‘We believe in ourselves’ — Jordan Ayew ahead of England encounter
3 hours -
Queiroz: Teenage sensation Yirenkyi ready for big stage
4 hours -
Report says UK PM Starmer ready to quit, but source says he is still focused on the job
5 hours -
‘Hold the line and stay the course’ – Sammi Awuku to Bawumia
5 hours -
Bright Simons demands answers on 320kg meth seizure linked to Ghana
5 hours -
Fastest World Cup to 100 goals in 68 years – are balls and breaks behind it?
6 hours -
Gakpo and Brobbey at the double as Dutch sink Swedes
6 hours -
Colombia’s escalating, brutal internal conflict is defining its presidential election
7 hours -
Israeli strikes kill six people in Gaza including Al Jazeera cameraman, officials say
7 hours -
King Charles to reveal personal tax bill for first time as monarch
8 hours -
Substitute Undav scores twice as Germany reach last 32 with comeback win
9 hours