Ghana would need about $21.5 billion to fully revamp its railway sector. According to the Ghana Railway Development Authority (GRDA) the amount is needed to procure new coaches, refurbish existing lines and construct additional 4,007.6 kilometers of railway lines across the country.
The Chief Executive Officer of GRDA, Mr. Richard Diedong Dombo, who disclosed this to the Graphic Business newspaper, said the authority has decided to market the railway sector master plan to attract investors under a build, own, operate and transfer (BOOT) arrangement.
“The nation does not have the resources to undertake this master plan in one stretch. As a country, we cannot prioritize just the railway sector as there are other priorities such as health, education and agricultural so the railway sector gets just a slice of the national resources and this means we have to think outside the box, which is government funding,” he said.
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