Gov’t Delivering On Sinohydro Deal

The Government of Ghana (GoG) on 16th May 2018, signed a Master Project Support Agreement with Sinohydro for the “Construction of Priority Infrastructure Projects” for $2.00 billion in exchange for the proceeds of refined bauxite. The MPSA was designed to be implemented in phases to enable GOG to develop its Integrated Aluminium Project over time.

According to documents sighted by MyAbclive.com, (10) EPC Contracts and 10 Deferred Payment Agreements were signed on 1st September 2018 for the construction and rehabilitation of selected roads and interchanges under the Phase 1 at a total amount of US$ 646,637,879.74.

Under the DPA arrangement, GOG Is not required to repay any part of the Finance Facility Amount to Sinohydro until expiry of 3.5 years from the date of the DPA where the proceeds from bauxite or refined bauxite is expected to be used to repay.

All projects commenced on different dates based on the approval of Sinosure and fulfillment of all the conditions precedent.

The grace period and repayment is calculated from commencement date of construction per project and not the date the agreements were signed.

ABC NEWS and myabclive.com can authoritatively state that currently, construction on six out of the 10 lots have started and are at various stages of completion. Three lots (1, 2 and 5) are expected to start by the end of 2021. Lot 9 has been replaced with a different project, and, therefore, needs to go through the entire process again.

Partners have been selected for the commencement of the Integrated Aluminum Project

Repayment of the Sinohydro MPSA would be proceeds from refined bauxite, and, therefore, the need for the projects to be executed while considering the progress of the Integrated Aluminum Project. It would be recalled that a fortnight ago, GIADEC successfully selected Rocksure International as its strategic partner to develop one of four projects being executed under the IAI value chain.

President Akufo-Addo who witnessed the signing of the agreements between the two parties at a brief event held in Accra said that the IAI remains an integral part of his government’s industrialization agenda.


Breakdown of the Various Projects

LOT 8

The following roads are at various stages of construction

SELECTED FEEDER ROADS IN ASHANTI AND WESTERN REGIONS

1 Achiase Wansamere – Awisasu Feeder Road

2.Mpasatia – Town Roads

3.Nyinahin – Adupri Feeder Road

4.Nyinahin – SeresoTimpon – Achiasejxn Feeder Road

5 Nyinahin – Town Roads

6.Nyinahin Market jxn. – Pentecost Church Feeder Road

7.Nyinahini – Kyekyewere Feeder Road

8.Kessekrom – Adiembra Feeder Road

LOT 6

The following roads are at various stages of construction

SUNYANI INNER CITY AND RING ROAD

1.DR. BERKO MAIN ROAD

2.DR. BERKO LINK

3.MAYFAIR MAIN ROAD

4.MAYFAIR LINK 1 (LHS)

5.INNER RING ROAD LINK

6.ST. LAWRENCE SCH. ROAD

7.MATFAIR LINK 2 (LHS) – ST. MARY’S SCH. LINK

8.MAYFAIR LINK 3 (RHS)

9.MUNGO PARK ROAD

ST. VITUS SCH. ROAD
PRIORY ROAD
PRIORY ROAD LINK 1
BUSSINESS SCH. ROAD
BUSSINESS SCH. LINK
15 .POINT 4 HOTEL ROAD

16 .PWD – STADIUM BASIC. ROAD

17 .PWD – ATRONIE ROAD LINK

18 .POINT 4 HOTEL – NEW TOWN ROAD

NEW TOWN – ATRONIE LINKS (3NR.)
20 .ESTATE – INNER RING LINK (G)

LIVING GRACE ROAD
22 .GOLDEN INTELLECTUALS – LIVING GRACE LINK

GOLDEN INTELLECTUALS SCH. ROAD
24 .ODUMASE – FIAPRE LINK ROAD

SUNYANI INNER RING ROAD
RING ROAD(B1 TO B5)
KYIRIBAA ROAD(B7)
28 .AHENFIE HOTEL ROAD

29 .AHENFIE HOTEL LINK
30 WATER WORKS ROAD(B6)

LOT 7
The following roads are at various stages of construction

CAPE COAST AND WESTERN REGION ROADS PROJECT

1.Amamoma Road Bypass

2 .Amamoma Road 1

3 .Amamoma Road 2

4 .ATL Road

5 .Ogua Hall Road

6.Amamoma Road 3

7.Kwaprow Link Road

8.Akotokyir Anglican School Road

9.Akotokyir Town Road

Akotokyir Road 3
Kakumdo Road
12 .Cape Coast Polytechnic Road

13 .Amissano Road

14 .PPAG Road

Methodist Mission House Road
PPAG Loop
Chrisnam School Road
Ecole Francaise Road
19 .Eyifua Road

20 .Eyifua Link

English Arabic Road
Methodist Mission Link
GHA Road
24.Academy Street

Wesley Girls’ Link
Prestea Hunni valley Town Roads
OTHER ROADS AND INTERCHANGES &
STATUS

-Tamale Interchange (Ongoing)

-PTC Roundabout Interchange Takoradi (Ongoing)

-Construction of Hohoe – Jasikan – Dodo Pepesu Roads (Ongoing)

-Accra Inner City Roads to start by end of 2021.

-Kumasi Inner City Roads to start by end of 2021

-Adenta-Dodowa Dual Carriageway to start by end of 2021

MyAbclive.com has visited most of the project sites and has videos and pictures as proof of works ongoing.


By: Gordon Asare-Bediako, MyABCLive