[ 2016-11-21 ]

ADB to facilitate Pokuase interchange project
Ghana and the Africa Development Bank (AfDB) on
Wednesday signed a loan agreement of $ 83 million
for the Accra Urban Transport Project also known
as the Pokuase Interchange Project.

The project is estimated to cost $ 94 million and
government will contribute a counterpart funding
of $ 11 million.

The construction of the three-tier interchange
will take three years to complete.

Mrs Marie-Laure Akin-Olugbade, AfDB’s
Resident-Representative, signed for her
organisation while Mr Seth Terkper, the Minister
of Finance initialed on behalf of Ghana.

The first tier of the interchange will link Accra
to Nsawam and is part of the existing
Accra-Nsawam-Kumasi Highway.

The middle tier can be used to access Awoshie,
Pokuase ACP, Accra and Nsawam while the third tier
connects Awoshie to Pokuase ACP.

The construction is aimed at removing the expected
bottleneck at the Pokuase junction by preventing
streams of traffic conflicting with one another
from the Awoshie-Pokuase and Accra-Kumasi roads.

Commenting on the project, Mrs Akin-Olugbade said
it was a significant development as it would help
ease the heavy traffic congestion on that stretch
of the road.

She said the Bank had been a witness to the
transformation in the road sector and was
committed to partnering government to undertake
more such projects.

Mrs Akin-Olugbade expressed the hope that the
project would be completed on time and on budget.

Mr Ato Forson, Deputy Minister of Finance, said
the construction of the interchange must not be
seen as only an investment in roads as it would
contribute to man-hours as time spent on the road
would drastically be reduced.

Meanwhile, government has also signed three Loan
Agreements with Germany, totalling 40 million
Euros for the Ghana Audit Service Infrastructure
project, Ghana Revenue Authority IT Training
Institute and the Pilot Photovoltaic System
Project.

Source - GNA

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