News / Transaction advisor appointed for road PPP project in Ghana

Transaction advisor appointed for road PPP project in Ghana

🕔 February 13, 2014
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The Government of Ghana is planning to rehabilitate and expand the Accra-Tema motorway in Ghana as a Public-Private Partnership (PPP) project.

The World Bank, through the International Finance Corporation, assisted the ministry to secure the services of a transaction advisor.

The motorway project was started in 1964 and opened to traffic in 1965. It is currently the only motorway in the country.

The private partner will toll the motorway for a number of years to be agreed in the contract, to recoup the investment, after which the road would be handed over to the government.

The project involves the addition of a lane to each side of the Accra-Tema motorway to make it six lanes, plus the complete rehabilitation of the highway. The Accra-Tema motorway formed part of the Seven-Year Development Plan (1963-1970) of the government when it intended to transform the economic and material conditions of the country.

The 19km motorway is a two-lane dual carriageway having cement concrete surfacing with 2m bituminous surface dressed shoulders. It forms an integral part of the National Route 1 (N1) starting from Aflao (in the Volta Region) and ending at Elubo (in the Western Region). It is also part of the Trans West African Highway (Abidjan-Lagos Corridor).

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