The Ministry of Transport has selected PricewaterhouseCoopers (PwC), as the lead transactional advisor for the 400 acre Boankra Inland Port Project.
PwC is also to advise government on the 330 kilometer Eastern Railway Line Project that extends from Tema to the Ashanti regional capital, Kumasi.
The railway line is seen as central to the success of the Boankra project.
The two projects are to be executed on a public-private partnership basis transaction advisor is being financed using part of a US$30million Public-Private Partnership Programme facility from the World Bank.
PwC as part of its terms of reference is to undertake a feasibility study to ascertain the viability of the project or otherwise, develop the financing model, prepare the bidding documents and provide expertise in the evaluation of the bids.
The Minister of Transport, Mrs. Dzifa Attivor, during the official signing ceremony said government’s limited budget meant that it is unable to finance such large infrastructure developments alone and that has informed government’s policy direction towards embracing the Public Private Partnership (PPP) “as the most viable investment option.â€Â
She said the Boakra project will help decongest the Tema and Takoradi Harbours and make serve the upper half of the country, as well as the country’s landlocked neighbours up north.
She indicated that government has duly acquired the land for the project.
Mr. Felix Addo, Country Senior Partner, PricewaterhouseCoopers, said his outfit has assembled the best team of professionals for the project.
Mr. Addo said PwC is thankful for the opportunity and will work closely with the Transport and Finance ministries and the relevant committee to ensure that the feasibility study and all other works are completed on time.
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