The Minister of Railways Development has launched a monthly railway dialogue to interact with stakeholders on the way forward for the railway transport system.
Joe Ghartey said the dialogue was to ensure that stakeholders actively participated in the development process of the sector.
According to the Minister, the railway sector, when prioritised, could generate enough revenue for the state and contribute to national development.
He said an amount of $440 million had, therefore, been invested into the 99-kilometer Tema-Mpakadan railway project, which would generate more than triple the amount of its cost as revenue for the state.
Professor Cornelius Nuworsoo of the Transportation Planning at California Polytechnic, United States of America, who spoke on; “The Rail Sector as a Catalyst for Growth: the Role of Station Area Development and Other Associated Infrastructure,” said rail transport enhanced productivity and efficiency, facilitated human activity, and promoted growth and development.
He said a railway network was one of the most versatile and cheapest means of transportation in terms of goods carriage, adding that it was 10 times cheaper than transporting goods with truck.
“It is 2.5 times cheaper than on-water transport system and 100 times cheaper than transportation by air,” he said.
Prof. Nuworsoo said research had shown that roads accounted for 95 percent of passenger traffic in Ghana and the best option was the rail system because it was more economical, especially when transporting bulky and heavy goods.
Developing a successful railway sector would improve the intermodal connections system of transporting goods conveniently between regions and local areas and enhance inter-city or passenger transport.
Another benefit, Prof Nuworsoo said, was the “Physical Appearance,” which allowed the creation of vibrant activities and integration of lands around rail stations into uses such as residential developments, retail outlets, and cultural activity.
“A developed rail station area will improve economic activities to generate revenue for the state and investing in it could significantly reduce the negative environmental impacts both locally and beyond.”
Latest Stories
-
We’ll not honour any invitation – ECG tells Ashanti Regional Minister
2 mins -
Dumsor vigil to hit Accra
8 mins -
Supreme Court rule for dual citizens to hold other key positions laudable – Kwaku Asare
22 mins -
‘No one is above the law’ – CAF president on match-fixing allegations against Samuel Eto’o
31 mins -
Manchester City thrash Brighton to go second in table
49 mins -
NDC’s running-mate speech proves readiness to lead – Asah-Asante
1 hour -
Further win for nibima as another KNUST study supports medicinal prowess
1 hour -
World Bank’s food price index eases; maize, wheat prices hit 3-year low
3 hours -
2020 polls all about pulling Ghana back from precipice of destruction, corruption – Naana Jane
3 hours -
Guru expresses interest in contesting SRC election at UG
3 hours -
Oil prices projected to average $84 in 2024 – World Bank
3 hours -
Meet 2 Ghanaian entrepreneurs on a mission to connect 1m African professionals to global companies by 2034
3 hours -
NCA approves Starlink’s satellite broadband application
4 hours -
Government orders FGR to revamp mining operations; assures workers of commitment to their welfare
4 hours -
Arne Slot philosophy could suit Liverpool – Van Dijk
4 hours