国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Markets

$500m of Chinese loan used on roads in Ghana, says minister

(Xinhua) Updated: 2012-12-05 09:55

ACCRA - Over half-a-billion-dollar loan from China Development Bank (CDB) to Ghana has been earmarked for some strategic roads in the West African country, Ghanaian Minister for Roads and Highways Joe Gidisu said Tuesday.

In all, $526.74 million out of the CDB loan, according to the minister, shall be spent on three road networks as part of the government's efforts to accelerate road infrastructural development that would open up the country's economy.

Addressing the media on Tuesday, Gidisu said $112.74 million had been earmarked for four different road networks in the oil and gas enclave in south-western Ghana, while $234 million are for the beach road linking the capital with the port city of Tema, 38 km east of Accra. In addition, $180 million have been allotted for the bitumen surfacing of a 400 km gravel road and the graveling of a 300 km earth road.

"This is to improve access roads under the Eastern Corridor Multimodal Transportation Project," said the minister.

Ghana said it had inspected 388 road projects this year but needed some more financing to complete most of them.

The government introduced a road toll to raise funds for road maintenance, which had been experiencing some leakage with personnel suspected to be siphoning resources into their private pockets.

Gidisu said the government hoped to stop this by introducing an automated system of road tolling.

Transportation remains one of the strategic sectors of Ghana's economy, forming a substantial part of the social safety nets, facilitating the distribution of wealth through trade and employment opportunities in both urban and rural communities.

Many economists support the government in its belief that the country's ability to achieve national targets for growth and poverty reduction depends to a large extent on an efficient, reliable and safe road infrastructure system which is adequate and affordable, complementing other modes.

Over the years, agencies such as the African Development Bank, The World Bank, Agence Francaise de Developpement, Japan International Cooperation Agency, Saudi Fund, among many others, have been funding road projects in Ghana.

Recently, the Chinese government and companies have been playing a significant part in Ghana's road infrastructural development.

Apart from direct government funding for road projects in Ghana, Chinese construction firms have been working on numerous road projects not necessarily funded by their government.

Hot Topics

Editor's Picks
...
玛纳斯县| 花垣县| 肥城市| 漠河县| 财经| 梅州市| 讷河市| 曲麻莱县| 阳西县| 锡林郭勒盟| 凤阳县| 福泉市| 海城市| 衡阳市| 香河县| 安远县| 乃东县| 永春县| 乐业县| 卢龙县| 苏州市| 怀化市| 陕西省| 河间市| 万安县| 新兴县| 略阳县| 阿拉善右旗| 林州市| 大关县| 库尔勒市| 交城县| 虎林市| 崇义县| 封丘县| 惠来县| 田东县| 衡阳县| 长沙县| 周口市| 将乐县|