Home   >   Business   >   Business News   >   201201
STX Housing Project Dead! Cars, Furniture On Sale   
 
  << Prev  |  Next >>
 
03-Jan-2012  
Comments ( 0 )     Email    Print
       
 
 
 
Flashback: Kang Duk-soo, Chairman of STX Group presents an artist’s impression of the proposed houses to Vice President Mahama. Behind them is B.K. Asamoah
 
 
Related Stories
 
The Controversial STX Housing project that would have seen the construction of housing units across the country, starting with 30,000 unit for the security services, is over, if the words of Vice President John Dramani Mahama is to be believed.

“The way things are going, I don’t see how that project will go on. The wrangling is getting worse rather than getting better, so I don’t see how that project will go forward,” Mr. Mahama said.

The Vice President told journalists in Accra on December 30, 2011 that the government was going to terminate the $10 billion deal between the government of Ghana and STX Korea due to boardroom wrangling between the Ghanaian company and its Korean counterpart, stalling the project.

Ever since President John Evans Atta Mills cut the sod on Thursday January 27, 2011 at the Police Training Depot at Tesano in Accra for the commencement of the project, boardroom wrangling between the Ghanaian company and their Korean partners had ensured that not a single block was laid even though a land at Kwabenya in Accra was purportedly cleared for that purpose.

Daily Guide can confirm that the head office of STX Engineering and Construction Ghana Limited at Airport Residential Area, Accra, had been offered for rent while office furniture and vehicles had been put up for sale.
Lending credence to the fact that eh STX project was over, is the alacrity with which the Koreans are leaving the country.
 
 
Source: Daily Guide Ghana
 
 

Comments ( 0 ): Post Your Comments >>

 
 
 
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
 
 
Featured Video