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Roads under the Sinohydro Deal to be finished in 2021 – Kyei-Mensah-Bonsu

The Minister for Parliamentary Affairs and Minister for Economy, Osei Kyei-Mensah-Bonsu, has told Ghanaians that the roads under the Sinohydro Government Agreement will be finished by 2021.

According to him, most of the roads in phase one are at different stages of completion.

Presenting the 2021 budget statement and economic policies on the floor of Parliament on Friday, 12 March 2021, President Akufo-Addo stated that he was ready to repair the wrong roads of the country.

“Mr. Speaker, His Excellency President Nana Addo Dankwa Akufo-Addo, in presenting the State of the Nation address, proclaimed 2021 to be the second year of the lane.”

“Mr. Speaker, with this announcement, we will begin to prioritize road construction. The Government will aim to undertake the following ongoing projects at different stages of execution under the Sinohydro Master Facility.”

Thus, in the year, he told the country of a strong road network.

President Akufo-Addo had already proclaimed 2021 the second year of the route.

About the Sinohydro agreement

President Nana Akufo-Addo launched a US$1.5 billion road-building project under the Sinohydro Master Project Agreement by cutting the sod for the development of the Tamale Interchange project in April 2019.

Master Project Support was negotiated between Ghana and Sinohydro Corporation Limited in 2018 to solve major infrastructure problems in the country and to finance other infrastructures such as highways, bridges, interchanges, hospitals, housing, rail construction, and rural electrification.

 

Months after the launch, much remains to be seen in the total US$2 billion contracts.

Under the deal, China’s Sinohydro Corporation will supply the government’s option of infrastructure in exchange for Ghana’s refined bauxite.

While critics called for a re-examination of the agreement warning that it would add to Ghana’s debt stock, the government maintained that it was a treasury deal that would not stifle the country’s debt.

Source: citinewsroom

 

Timothy

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