Financing secured for Lot 1 of Eastern corridor PPP in Ghana

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The Government of Ghana has secured a Social Loan financing of EUR280 million (US$331.81 million) from Standard Chartered Bank aimed to develop a section of the Eastern Corridor road. With the aim of improving the basic transport network, the project was eligible for a social loan as it will provide affordable basic infrastructure. 

This is the first social loan by Standard Chartered Bank in Sun-Saharan Africa (SSA). The financing was backed by Euler Hermes. INZAG Germany GmbH will act as Engineering, Procurement, and Construction (EPC) contractor for the project.

The investment will be used to fund Lot 1 of Eastern Corridor, which involves a 64 km long dual-carriageway linking Ashaiman roundabout and Akosombo Junction as well as two flyovers, two interchanges, 11 pedestrian bridges, and three mixed bridges.


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