Gov’t Releases €21m For Suame Interchange After Residents Hooted At MP
The Suame Interchange and the Ancillary Works Project in Kumasi are being designed and built as part of a credit agreement between the government and Deutsche investors for €21 million.
Abena Osei Asare, the government’s deputy minister of finance, submitted the accord to Parliament for review yesterday.
The government (represented by the Minister for Finance) and Deutsche Bank S.A.E. are the parties to the commercial facility arrangement (as Arranger, Structuring Bank, Mandated Lead Arranger, and Agent).
The contract between the government (represented by the Minister for Roads and Highways through the Department of Urban Roads) and Rango-Dizmar JV (a joint venture between Rango Construction Company Limited and Talleres Dizmar S.L.) for an amount of €140 million to carry out the project was also presented for approval by the House.
The two agreements were forwarded to the Finance Committee and the Roads and Highways Committee for review and reporting by Second Deputy Speaker Andrew Amoako Asiamah, who was in charge.
After telling a throng in his constituency that Parliament would convene to examine the credit facility from Spain for the four-tier interchange to begin, majority leader and MP for the Suame constituency Osei Kyei-Mensah-Bonsu made the announcement.
