27.2 C
Accra
Sunday, December 8, 2024
Business12 investors gears up for Ghana Burkina Faso rail project

Date:

12 investors gears up for Ghana Burkina Faso rail project

Government in the coming fortnight will issue a Request for Qualification (RfQ) documents as the next stage of procurement process for the Ghana Burkina Faso interconnectivity project, Railways Development Minister, Joe Ghartey has said.

This next stage of the procurement process will see the issuance of the RfQ documents to the 12 shortlisted consortia for further evaluation.

At the signing of contract for the Transaction Advisory Services on Friday, in Accra, the Minister said, “the issuance of the RfQ documents will be done by the Transaction Advisor in collaboration with the Joint Committee of Experts within two weeks from the signing of the contract today. Thus the necessary documents will be issued to the shortlisted consortia on or before November 30th 2018.”

Read: 2019 Budget: Government unveils GHC73.4bn for roads, railways, Free SHS, industries

After this stage, government will proceed to the final stage, which is the Request for Proposals (RfP).

The Minister noted that, the expectation is to have the international procurement process completed in 2019 to pave way for the construction of the line to commence in the same year.

The primary objective of the railway interconnectivity project is to facilitate trade and development between the Republic of Ghana and Burkina Faso through an efficient transportation service for both freight and passengers.

Consortium

The Transaction Advisory Services will be provided by a consortium made up of Messrs Vision Consult Limited of Ghana and TEAM Engineering S.p.A. of Italy to provide for the development of the Ghana Burkina Faso Railway Interconnectivity Project.

Transaction Advisors will assist the two governments to review existing studies and undertake further studies, including survey works. They would also act as technical advisors during the procurement process.

Vision Consult Limited of Ghana is a Ghanaian consultancy firm that had already been engaged by the Ministry to undertake consultancy work on the Kumasi to Paga section of the proposed railway network, whereas TEAM Engineering of Italy was the firm that developed the Ghana Railway Master Plan in 2013. Thus both firms, Vision and TEAM had some primary knowledge of sections of the proposed railway network.


Joe Ghartey, Minister for Railways Development with Burkina Faso Counterpart and Transaction Advisory Services Consortium

Read: Talks advance on Ghana-Burkina Faso railway project

Selection of Process

In furtherance of the agreement by the Heads of States from both countries, a Joint Committee of Experts was established in January, 2018 to facilitate the implementation of railway interconnectivity project along the Eastern Corridor of Ghana; that is from the Port of Tema through Ho, Hohoe, Yendi, Tamale, to Paga at the Ghana Burkina Faso border and then continue through Dakola in Burkina Faso and all the way to Ouagadougou.

Following the publication of the Expression of Interest advertisements simultaneously in Ghana in English and in Burkina Faso in French, a total of 16 firms expressed interest to undertake the project on a Build Operate and Transfer (BOT) basis.

A Joint Evaluation Committee was formed subsequent to the Expression of Interest which conducted a detailed evaluation of all sixteen (16) proposals received in Ghana and Burkina Faso. The evaluation suggested that 12 out of the 16 consortia can meet the minimum criteria.

 

Source: goldstreetbusiness.com

[forminator_poll id="710479"]

Latest stories

Mpohor seat goes to NDC’s Godfred Henry – Reports

Provisional results from the parliamentary elections reveal that ohn...

Gunshots fired as military officers clash with NDC supporters at Ledzokuku

Tensions rose at the Ledzokuku collation center in the...

NDC’s Blay Armah grabs Sekondi seat from Egyapa Mercer

Blay Nyameke Armah of the National Democratic Congress (NDC)...

NDC has won Ayawaso West Wuogon seat for the first time in 24 years – Dumelo

National Democratic Congress (NDC) Parliamentary candidate for Ayawaso West...

Check out NDC’s ultra-modern IT department

The Information Technology (IT) department of the National Democratic...

Leave centres for collation to take place – EC to NPP, NDC supporters

The Electoral Commission (EC) has called for the immediate...

2024 Elections: Police scatter crowd with pepper spray, tear gas at Ablekuma West

The Ghana Police Service is currently handling a tense...

Related stories

Foreign exchange services fully resume at CBG

In November 2024, the Central Bank temporarily revoked CBG's...

Govt’s treasury bill auction falls short of GHS6.49bn goal

The government plans to borrow GH¢6.491 billion through this...

Govt gives 15,000 acres of farmland to Ejura community

Government has handed over 15,000 acres of farmland to...

Ghana’s Gross International Reserves improves to $7.92 billion – BoG

Ghana’s Gross International Reserves (GIR) saw an increase, climbing...

UAE leads 4 nations who receives 99.2% of gold exports

Gold produced in Ghana is mainly exported to four...

Ghana records GHS3.9bn trade surplus in 2024 – GSS

The Ghana Statistical Service (GSS) has announced that Ghana...

Govt to partner with private sector to expand terminals for STC

The Ministry of Transport has announced the government's commitment...