29 C
Accra
Saturday, November 28, 2020
No menu items!

Gov’t gets 81 Million Euro Loan for Sekondi-Takoradi Water Project

Must Read

Ethiopia’s Tigray crisis: Regional capital Mekelle ‘under heavy fire’

The capital of Ethiopia's northern Tigray region has come under heavy shelling from government forces, aid workers and regional...

28th November, 2020

The Daily Graphic calls for children to be educated on Covid-19 safety measures. It says a report by Child...

Fire guts GCB bank at Kantamanto

Fire has gutted the GCB bank at Kantamanto in the Greater Accra region. The outbreak of the fire, according to...

Parliament has approved two separate loans to the tune of over 81 Million Euros to finance the Sekondi-Takoradi Water Supply Rehabilitation and Expansion Project.

The loans are: Oeke-Backed agreement amounting to €70,733,432.00 and commercial loan amounting to €10,500,000.00 between Ghana represented by the Ministry of Finance and Commerzbank Aktingesellschaft.

The credit facility is to secure funding for the implementation of the project including the construction of an intake, a new water treatment plant with its ancillary structure, transmission and distribution pipelines, service reservoirs, standpipes and house connection.

The beneficiary communities include: Takoradi, Effiakuma, KwesimintsimKojokrom, West Tanokrom, Anaji, Sekondi, New Takoradi, Essikado, Apremdo, Keikum, Ntankoful, Ngyyiresia, East Tanokrom, Effia Village and Fijai.

The rest are: Assakai, Aduembra, Kansaworado, Nkroful, Anoadze, Abuesi, Apowa, Inchaban, Ketan, Dixcove, Estates, Shama, Hwendo, Hotopo and surrounding villages.

The project when completed is expected to increase agriculture production and to also “assist in boosting the commercial potential of the city while presenting a respectable front to visitors arriving from neighboring countries” as captured in a Finance committee report presented to plenary for debate before its adoption.

The project is expected to be completed in 40 months after commencement of works with a defect liability period of 12 months from substantial completion of works.

Story filed by Edzorna Francis Mensah

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Ethiopia’s Tigray crisis: Regional capital Mekelle ‘under heavy fire’

The capital of Ethiopia's northern Tigray region has come under heavy shelling from government forces, aid workers and regional...

28th November, 2020

The Daily Graphic calls for children to be educated on Covid-19 safety measures. It says a report by Child Rights International on the infection...

Fire guts GCB bank at Kantamanto

Fire has gutted the GCB bank at Kantamanto in the Greater Accra region. The outbreak of the fire, according to an eyewitness started around 10...

African Universities challenged to develop vaccine for COVID-19

Immediate Past Vice-Chancellor of the University of Ghana, Professor Ernest Aryeetey, has charged African universities to expand their research work to help develop a...

Aviation Minister inspects 600-acre land secured for Cape Coast Airport

A high-powered delegation from the Aviation Ministry, led by the Minister, Mr Koffi Adda, has inspected a 600-acre land earmarked for the construction of...

More Articles Like This