44 Companies Bid For Eastern Railway Line Project

44 local and foreign companies have expressed interest in investing in the construction of the Eastern Railway Line project.

The companies tendered in their bids after the Ministry of Railway Development made it public to involve private sectors in developing public infrastructure by promoting a robust Public Private Partnership [PPP] agenda by the Nana Addo–led government.

Reconstruction of the Eastern Railway Line will be executed under a public-private partnership arrangement, on a ‘build, operate and transfer’ basis.

Audit firm PricewaterhouseCoopers has been appointed transaction adviser for the project, which includes financing, development and operation of the 330km line.

The work also involves provision of rolling-stock, station upgrades, and signaling and communication equipment.

It is expected that the Eastern Railway Line Project when completed would provide an efficient and safer alternative to the road network across the country.