Joe Ghartey’s effort to revamp the railways sector as been boosted by an agreement between mining firm, Ghana Manganese Company, and the Ghana Railway Company Limited for the repair of an important section of the decaying Western Rail Lines.
The $10 million deal will rehabilitate the approximately 15km Kojokrom to Tarkwa section of the Western Rail Lines and represents freight advance from Ghana Manganese Company to the Ghana Railway Company.
The sector Minister, Mr. Joe Ghartey, noted during a press conference that the agreement will see Kojokrom to Tarkwa line transformed due to its importance to mining companies.
He said $4.9 million will cover operational expenditure for the rehabilitation project, while $5.1 million will cater for capital expenditure.
The $10 million advance payment will then be deducted from freight fees over a period of three years, he said about the agreement.
“Even before this agreement, the Ghana Railways Company Limited had started rehabilitation of the line, from Tarkwa to Nsuta, where Ghana Manganese is located,” he said.
The project is expected to span a maximum of seven months, although Mr. Ghartey is confident it may be completed within four months.
The Minister revealed that there has been a drop in quantity of manganese freighted for the Ghana Manganese Company by as much as 30,000 tonnes due to the poor rail line that has derailed a number many times.
The defective rail line, the Minister said, “forces Ghana Manganese to go by road, which is slightly more expensive but also affects our roads. We want them to come by train.”
There will be a special committee, chaired by the Railways Development Ministry, with oversight responsibilities for the rehabilitation Kojokrom to Tarkwa project.
Meanwhile, work has already begun on the Western Line with about $40 million from the Railway Development Ministry’s total 2017 budget allocation of GH¢518.4 million.
Chief Executive Officer of Consolidated Minerals Limited, which owns the Ghana Manganese Company, said although Ghana is rich in natural resources, and skilled mining sector workforce, poor infrastructure has been a problem – underscoring his company's decision to support the rehabilitation project with the freight advance.
Mr Oleg Sheyko said the agreement also forms part of the company's quest to increase the export of manganese by 300,000 tonnes by end of this year.
"At the moment, we export by rail only 20% of our shipments and 80% by road, so when we rehabilitate the rail, hopefully, we will be able to double export by railway," he said.
Source: Peacefmonline.com
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. |
Since the 1960's MANGANESE has been shipped out of the country. I wonder what the worth of that Manganese was? What is Manganese used for? Where does it end up? The Railway Lines were built purposely to ship raw materials like bauxite, manganese, iron ore, gold, diamonds, timber, and coal, out of the country. Not to benefit the People. Who profits from the mining of manganese in Ghana? Could Ghanaians create JOBS by biulding the INFRASTUCTURE to mine, process, AND add-value to the MANGANESE? Sell FINISHED products ONLY. By shipping out the raw Manganese, you are shipping out JOBS, PROFITS, WEALTH, PROSPERITY, BLESSINGS, and all the GIFTS of the LAND. I remember Kojokrom Railway Station. I attended Nana Katabra Upper Primary School at Kojokrom. I was born in Tarkwa.
For all you insulting because you think 10mUSD is chicken sh*t. it is simply because you have fallen for the last administrations strategy of mentioning big monies and yet making them sound small. Do you know what 1mUSD means even to the Americans? What is can actually do? Go find out. My advise is to cut your coat by your size...I weep for Ghana
Its a good start for a Man working hard to bring positive change to Ghana.
You are stuuuppppid paaaa. Is $10million something to celebrate? This railway line was built in 1898!!!!!! And that time Ghana's population was about 2million. Today, you are 27million and you think you have achieved something. NPP and NDC are ***barred word*** of fuuuuuuking politicians with mediocre brains..
SSNIT squandered $72million on a bogus software, and you are ecstatic over a measly $10 million. You guys in the new NPP govt are not serious. You make me want to shittttt on your faces.
So you only building railways to cart our minerals huh? Not to transport human beings? The imperial master is still here
only $10m and you are happy?? imagine what $72m could have done. chase the stealers at SSNIT