Govt to fix 68 roads with first tranche of Sinohydro money

 

Government has disclosed some 68 roads which will be constructed with the first tranche of the $2billion Sinohydro deal between the government of Ghana and China.

The first tranche of $649 million is set to be released to Government after the necessary parliamentary approvals.

Addressing the media in Accra, Information minister, Kojo Oppong Nkrumah said, “Parliament’s Finance committee is scheduled to meet on the agreements at 2pm today after which meeting, the committee’s report will be presented to the plenary hopefully before the end of this month to pave way for construction work to begin”.

Ghana is ready to access the first tranche of the 2billion SINOHYDRO Infrastructure for bauxite facility.

The Master Project Support Agreement between the Government of Ghana and SINOHYDRO of China was entered into last year and subsequently approved by Parliament. After initial hurdles were successfully managed, Ghana is ready to tap into the first tranche of the agreement which is worth 649m USD.

 

Two sets of contracts have to this effect been laid before Parliament.

These are the; Engineering Procurement Construction contracts (EPC) and Deferred Payment Agreements (DPA)

Pix: Kojo Oppong Nkrumah, Minister of Information

 

Story: Franklin ASARE-DONKOH

Writer’s email: franklin.asare-donkor@todaygh.com

 

Leave a Reply

Your email address will not be published. Required fields are marked *