Road users on Accra-Tema motorway to pay tolls after expansion works
The Minister of Finance, Ken Ofori-Atta in his presentation of the Mid-year budget review statement in Parliament on Monday (July 25, 2022). That the users of the Accra-Tema motorway will start paying tolls.
This development is scheduled to take effect after the completion of expansion works on the road. Similarly, users of other newly constructed roads would also have to pay road tolls to use those roads.
He said the completed road will be tolled to help recover the whole cost. The toll will also be to “pay lenders and provide a return for equity investors, the minister said. The collection of road tolls nationwide was stopped in November 2021.
Public-Private Partnership (PPP) Project
Under the Public-Private Partnership (PPP) program for road infrastructure, the Accra-Tema Motorway and Extension PPP Project to 10 lanes is currently at its procurement stage, the Finance Minister said. Site works are expected to commence in September 2022.
The Government of Ghana has made a strategic decision, in line with the PPP Act, 2020 (Act 1039). To procure the Accra-Tema Motorway and Extensions Project through GIIF with a mandate to deliver a Ghana Infrastructure Investment Fund-led PPP financing solution. The Minister explained that maximum funds will be raised from the market,”. The majority ownership of the project will remain with the GIIF on behalf of the government.
The Minister also noted that the draft Concession Agreement between GIIF and MoRH is currently under review by GIIF, MoRH. As well as the Office of the Attorney-General and the Ministry of Finance. When completed, the Concession Agreement is expected to be approved by the PPP Committee, Cabinet, and Parliament. The government is providing funding through GIIF to take equity in the Special Purpose Vehicle to be created by GIIF for the project.
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