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GHANA-BURKINA TO SEEK TECHNICAL & FINANCIAL PARTNERS FOR RAILWAY INTERCONNECTIVITY PROJECT


The Republic of Ghana and Burkina-Faso have agreed to seek technical and Financial Partners for the construction and operation of a railway system between the two countries.

The route as agreed on by both Countries, is the Eastern Extension line which starts from the Tema Port, through Akosombo, Ho, Hohoe, Yendi, Tamale and Paga. On the Burkina side, the line continues from Dakola through Po along the national highway number 5, integrating the pole of growth of Bagre and ends at Ouagadougou.

The project is to be fully funded through a Public-Private Partnership (PPP) on Build Operate and Transfer (BOT) basis.

These decisions were arrived at during a two-day Joint Committee of Experts (JCE) meeting on the Ghana-Burkina Railway Interconnectivity Project, held in Ouagadougou from 10th April to 11th April 2018.

The Technical meeting also saw the review and adoption of Terms of Reference (ToR) for the Engagement of a Transaction Advisor. A draft Bilateral Agreement between the two countries, outlining the general principles for the implementation of the project was also reviewed and adopted.

The meeting was jointly chaired by the Deputy Minister, Ministry of Railways Development Hon. Andy Appiah-Kubi and the Secretary-General of the Ministry of Transport, Urban Mobility and Road Safety of Burkina Faso, Mr. Issaka Sigue.

Both countries are hopeful that the Ghana-Burkina Railway Interconnectivity project when completed in 2020, will improve the transport and logistics chain on the rail corridor to accelerate economic growth and development of both countries.