HomeUSA NewsGhana to Signal $3.2 Billion Railway Undertaking Deal With Thelo DB Consortium...

Ghana to Signal $3.2 Billion Railway Undertaking Deal With Thelo DB Consortium | gadgetfee

ACCRA (Reuters) – Ghana’s authorities will signal an settlement subsequent week with Thelo DB consortium for a $3.2 billion undertaking to develop and make operational its Western Railway Line, the corporate stated in a press release on Tuesday.

Thelo DB is a South African railway entity included between Thelo Ventures, an African industrial firm, and Germany’s Deutsche Bahn Engineering & Consulting (DB). The Thelo DB consortium additionally contains Ghanaian companion Transtech Seek the advice of. 

Ghana’s Western Railway line runs a complete of 339 kilometres (210 miles) from Takoradi Port to Kumasi, however solely 66 km is operational, based on the web site of Ghana’s Ministry of Railways Improvement, the place it’s listed as a precedence undertaking.

Two mines are on the route, together with the Ghana Manganese Mine at Nsuta and a bauxite mine at Awaso, which used to make use of the railway till it collapsed, based on the ministry.

The road additionally goes by Ghana’s cocoa-growing areas and cocoa was transported in vital portions by rail, however has not been since 2006.

Transportation of cement, mining tools and petroleum will even profit from development of the rail line, the ministry added.

“The Western Railway Line Undertaking will rework Ghana’s present railway infrastructure base into a contemporary, strong and built-in railway system,” Thelo DB stated in its assertion.

The settlement might be signed on July 25 at a ceremony with President Nana Akufo-Addo, the corporate stated. A presidential spokesperson didn’t instantly reply to a request for remark.

(Reporting by Cooper Inveen and Christian Akorlie; Writing by Nellie Peyton; Enhancing by Bhargav Acharya and David Evans)

Copyright 2022 Thomson Reuters.

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