The Ghanaian Ministry of Transport has granted PricewaterhouseCoopers (PwC) the privilege of being the Transaction Advisors for the Boankra inland port and the Eastern railway line project.
The inland port and the Railway line project are multi-modal transport infrastructure development, which when completed, will improve the rail link between Tema and Kumasi and enhance the operational efficiency of both the Tema and Takoradi ports.
According to Mrs. Dzifa Attivor, Minister of Transport at contract signing ceremony, the projects will be developed through a public-private partnership arrangement (PPP). She further explained the transaction advisors will undertake various feasibility studies, develop financial and economic models, offer advice, and manage the procurement process.
In her statement, she said that the government has adopted the PPP as a strategic investment option to finance and develop the needed infrastructure in the country due to inadequate budgetary resources in providing transport facilities.
As the World Bank supports the initiative, the project will facilitate trade and play the role of bringing imports and exports services closer to the doorsteps of shippers in the northern region of Ghana. On the other hand, the advisors are expected to work closely with the Ministry and the beneficiary agencies to ensure desired results are achieved. Mr. Felix Addo, Country Senior Partner, PricewaterhouseCoopers, assured the Minister of effective execution and timely delivery of advice on the project.
