Audio By Carbonatix
Parliament has approved a concessionary agreement between the Roads Ministry and Ghana Infrastructure Investment Fund (GIIF) worth $338 million for the expansion of the Tema Motorway redevelopment and expansion project.
The motorway whose troubles are well documented is expected to be expanded to 10 lanes.
Speaking on the floor of Parliament on Friday, December 15, while presenting the request, the Chairman of the Roads and Transport Committee, Kennedy Osei Nyarko said the concession period would be 30 years and construction is expected to last for 36 months.
“Mr Speaker it is a 10-lane redevelopment project that they are doing. They are going to expand the lanes with eight interchanges at various sections,” he said.
He added that “the project comprises of three sections – the first section is 19.5 kilometres with a second section of 2.7 kilometres and the third section is 1.5 kilometres.”
Also, the Ranking Member on the Roads and Transport Committee, Isaac Adjei Mensah backed the agreement on behalf of the Minority.
He said “This project is appropriate that is why we support it and we expect that the first tranche will be executed to give room for the second and third tranches,” he said.
Latest Stories
-
CSA warns of rising restaurant impersonation scams as cybercrime losses surge
3 minutes -
Ultimate Charismatic Centre celebrates 25 years of God’s faithfulness with ‘Ebenezer’ Anniversary
5 minutes -
Water no get enemy: Why Kanta didn’t flood this year
10 minutes -
Arokodare forces Wolves training to be cancelled
10 minutes -
Beyond breaking news: Why context is essential to public understanding
12 minutes -
GHIB CEO hails GEXIM partnership as catalyst for export growth and job creation
14 minutes -
Biometric verification of Ghana Card now mandatory under new regulations – Interior Minister
14 minutes -
Majority rejects claims on fiscal surplus, cites IMF backing for gov’t economic performance
15 minutes -
SEC warns against 23 unlicensed online investment firms
15 minutes -
Africa’s infrastructure opportunity depends on closing the execution gap
25 minutes -
Kwabena Adaakwa earns global recognition for brand management excellence
26 minutes -
Access Bank urges youth-owned SMEs to embrace AI or risk being left behind
28 minutes -
What would Ghana look like if Prof Mills had completed his terms? – Prof Frimpong-Boateng
28 minutes -
KNUST Optometry 9th White Coat Ceremony advocates compassionate, visionary optometry care
33 minutes -
GEXIM-GHIB partnership to unlock global finance for Ghanaian exporters – GEXIM CEO
34 minutes