Ghana signs the Concession Agreement for the construction of the Accra Sky Train Project.
With the concession signed, feasibility studies for the project will kick off. The project is first of its kind to be witnessed in Ghana and will enhance smooth and fast transportation.
The decision to construct the sky train is not over-ambitious and therefore it takes an ambitious person like President Akuffo Addo to take that bold step. Investors have assured that the first station for the Accra Sky Train project will be opened in 9 months.
The government is seriously carrying out several developmental projects along the banks of the railways saying all illegal settlers by the rails will be demolished and sacked.
The Sky Train Project will be a better solution to the ever-increasing road traffic congestion in Accra, with its detrimental effects on economic activity, pollution and the quality of life.
“There is confidence in the project. The promoters (Ai SkyTrain Consortium) are very serious, and that is why we invited the President, himself, to witness the signing. This should assure the investors that Government is solidly behind it. The economics of this project are also good. We are very excited about the prospects,” said Mr Appiah Kubi.
The deal was signed on the sidelines of the ongoing African Investment Forum, on Monday.
The signing of the Sky Train agreement means feasibility studies to determine the bankability of the project will commence soon.
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