Ghana signs $2.3billion concession agreement for Accra Sky Train Project

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Ghana signs $2.3billion concession agreement for Accra Sky Train Project

The Africa investment program is currently ongoing. Ghana has taken the opportunity to sign a $2.3billion concession agreement for the construction of SkyTrain project in Accra.

Ghana’s President, Nana Akufo-Addo described the agreement as a critical step towards the consummation of the project.

President Akufo-Addo added that the project would bring progress to Ghana, benefiting the people.

“That is what we are hoping for, so that the people of Ghana benefit from the progress and the relief that a modern system of transport in our capital city is going to bring,” he said.

The president also appreciated the SkyTrain Consortium for supporting the project stating that the project was meeting an important infrastructural need.

Joe Ghartey, Ghana’s Minister for Railways Development, added that president Akufo-Addo was committed to constructing inner-city railways across the country.

President of the African Development Bank (AfDB) Akinwumi Adesina, praised President Akufo-Addo, stating that his personal engagement and leadership made the signing of the concession agreement possible.

He added that the AfDB will continue to work with all partners to ensure the project is successful.

The SkyTrain is expected to ease the increasing traffic congestion in Accra and boost economic activities. It is estimated to have a total track length of 194 kilometers.

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