NEWSPOLITICS

Projects under Sinohydro to be completed within three years – Gideon Boako

Gideon Boako, the spokesperson to Vice President Dr. Mahamudu Bawumia, says road projects under the Sinohydro agreement are expected to be completed within three years.

Gideon Boako, the spokesperson to Vice President Dr. Mahamudu Bawumia, says road projects under the Sinohydro agreement are expected to be completed within three years.

READ ALSO: President launches six-billion-dollar projects for bauxite mining and refinery

“Under the agreement, we signed with Sinohydro, we have been given a maximum of three years for the projects to be completed,” Mr. Boako explained.

This new timeline comes months after the Minister for Parliamentary Affairs, Osei Kyei-Mensah-Bonsu had assured Ghanaians that the roads under the Sinohydro agreement will be completed in 2021.

President Nana Akufo-Addo inaugurated a US$1.5 billion road infrastructure project under the Sinohydro Master Project Agreement.

The agreement which was signed between Sinohydro Corporation Limited and Ghana in 2018 aims to fund infrastructure such as roads, bridges, interchanges, hospitals, housing, railway development as well as rural electrification.

Developments in these sectors have however stalled months after the agreement was signed.

Mr. Boako explained that the COVID-19 pandemic largely contributed to delays in completing the projects.

“COVID-19 came and China was the origin of COVID-19. Due to the devastating effects of COVID, things had to slow down,” he said.

He added that the government had made “significant progress” despite the effects of the pandemic.

Per the agreement, the Sinohydro Corporation of China will provide the infrastructure of the government’s choice in exchange for Ghana’s refined bauxite.

Though critics called for the agreement to be reviewed warning it would add to Ghana’s debt stock, the government insisted it is a barter arrangement that will not balloon the public debt.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: citinewsroom

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