15 companies Scramble for Eastern Rail Line Project

-as Minister assured Value for money

Fifteen companies of both local and foreign have competitively put in their bids to construct the Eastern Rail line that would link Tema, Accra, Koforidua, and Kumasi.

The companies on Tuesday May 29, 2018, presented their legal and financial documents to the Ministry of Railway Development as part of the proposal and tendering process.

An independent evaluation committee has been billed to go through the process on the bidders with regards to their track record, financial and technical capacity after which those with the potentials would be shortlisted.

The government would averagely considered the legal and financial documents covering the experience, track record of work done, credibility and financial muscles to kick start the project.

The companies that put in their bids are RailNet International, Frontline Capital Advisors/Specom Group, Stock Bring Ecompy, German-France Rail Consortium, Power China Ltd, Masz Railway Group, Meodaase Consortium, China Gezhouba Group Ltd, Tfmc Rail Marks and Afum Quality Ltd/VitaliaGroup.

The rest are Aciusa GH Ltd, China Habour Engineering Co.Ltd, Africa/WARE, AECOM Ltd, and China Roads&Bridges Cooperate Ltd.

Speaking to  the Media after opening of the bidders documents, the Minister for Railway Development, Mr Joe Ghartey, said the next stage would be to request for proposals from the companies and negotiations.

He stated that, the opening of the documents was very imperative and necessary as it would  ascertain the number of companies that have submitted their bids.

In addition to that, he said it would also enhances the integrity of the process and stamp out  allegations of corruption and unfairness.

According to him, the 330kilometre narrow gauge rail project would be financed on a Build, Operate and Transfer (BOT) basis, hence the government and for that matter the Ministry interest for due diligent leading to award of contract.

Mr Ghartey, who is also Member of Parliament for Esikadu/Ketan constituency in the Western Region, said the project would further boost investors confidence in the country economy and open up more jobs opportunities.

He stated that, President Nana Akufo Addo government is committed in fulfilling its promises to Ghanaians and would not shortchange the tax payer money for something which would not benefit the nation.
He added that to ensure timely completion of the project, government had commenced preparatory works that included the acquisition of land, community mobilisation, and sensitisation to ensure the anticipated work schedules do not suffer jolt but have a smooth sail of.

The sector Minister, further explained that the project would include the financing, construction, operation and maintenance of the line, the provision of rolling stock, station upgrades, signalling and communication equipment.

He said lines which would have a speed of about 150 killometer per hour for passengers, was part of the Ghana Railway Development Authority’s railway master plan.
All things been equal, Mr Ghartey said, the project is to be completed by October 2020 and rail station opened in Kumasi,” nothing, ” we as a government will work to ensure that we deliver our promise to Ghanaians.”

Mr Yoofi Grants, Chief Executive Officer of Ghana Investment Promotion Centre applauded the companies that expressed interest and put in their document for bidding.

He said a good rail system was linked to the industrial economic of a country and, therefore, the expansion of the railway sector would open up the country to attract more investors.

Mr Grants added that the railway industry would also improve the country transportation system, especially on agricultural produce and mineral resources easily from the hinterlands to the nearest market centres to boost the growing economy.

The GiPC boss further assured that the New Patriotic Party (NPP) government would continue to create a favourable environment for investors and tourists to visit and operate.

Mr Richard Dombo Diedong, Chief Executive Officer (CEO) of the Ghana Railway Development Authority (GRDA) said, the railway sector’ development would create more jobs.
He assured the Authority cooperation on the project to ensure the rail transport sub sector is fix back to help open up the country trade.

Source: the republic news online.com/Felix Engsalige Nyaaba

The Republic News Online

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