Minister of Railway Development, John-Peter Amewu, says plans for private sector partnership to build a rail line connecting Ghana to Burkina Faso are on course.
He said the final stage of the procurement process will be initiated this month, with the financial closure by the end of November, after signing the necessary agreements with the preferred private sector concessionaire.
This will pave the way for the physical construction works to start.
A statement issued by the Ministry of Railway Development said the roadmap for the construction of the rail line was arrived at after a meeting between Mr. Amewu and his Burkinabe counterpart, Vincent Dabilgou in Ouagadougou,Burkina Faso.
The statement said the two countries agreed in 2018 to breakdown the development of the railway interconnectivity project into four distinct phases with the Feasibility Studies and Competitive Procurement Process for Private Partnership forming the first two phases.
The third phase involves the Analysis of Technical Studies and Detailed Engineering Designs to be undertaken by the private sector Party.
Physical Construction would be the final phase of the project development. Mr. Amewu said the proposed railway corridor between the Tema Port and Ouagadougou will enable both countries to tap into the huge economic potential from the enormous mineral deposits such as bauxite, manganese and iron ore along the corridor.
