The Honourable President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo, commissioned the first ever Tema-Mpakadan Standard Guage Railway Line, executed by Afcons Infrastructure Limited, last week. The project cost is approximately US$447 million.
"We are proud to have executed the largest railway project in Ghana. This project will play a pivotal role in revamping and modernizing the country's railway infrastructure. The construction of a bridge over Volta River is a classic example of extreme engineering," said Mr S Paramasivan, Managing Director, Afcons.
Speaking at the event, President Akufo-Addo, said, "Today, we gather to celebrate the completion of the Tema-Mpakadan railway line. A vital component of Ghana's first multimodal transport system, to drive the economic growth of our nation. This 100-kilometer railway line complements a visionary transport system that integrates rail, road, and inland water transport, connecting TemaPort to Buipe Port via the Volta Lake."
The 100km rail network project includes seven passenger stations, a 300-meter railway bridge over the Volta River, which is the first-of-its-kind in the country, two rail head facilities, four rail bridges, 11 road under bridges and 22 road over bridges.
The project will help decongest roads and will enhance the enhance efficiency of port operations at Tema, reducing the heavy dependency on the road transport, and long-distance freight and passenger movement.
The project was financed through India Exim Bank credit.
Shares of Afcons Infrastructure Limited was last trading in BSE at Rs. 525.95 as compared to the previous close of Rs. 528.50. The total number of shares traded during the day was 485000 in over 11947 trades.
The stock hit an intraday high of Rs. 552.70 and intraday low of 518.95. The net turnover during the day was Rs. 259938160.00. |
