Parliament yesterday passed the buyer credit and commercial contract agreements between the government and some companies for the development of the Kumasi and Tamale international airports.
The Deputy Minister of Finance, Mr Cassiel Ato Forson, moved the motion for the adoption of the terms of the agreements and was seconded by the Chairman of the Finance Committee of Parliament, Mr James Avedzi.
Kumasi Airport
The first buyer credit agreement was between the government and Banco Santander S. A. and its affiliates for €65,037,500 for the development of one section of the Kumasi International Airport.
There was also a tied commercial loan agreement between the government and Banco Santander S. A. and its affiliates for €7,762,500 for the development of another section of the same airport.
The commercial contract agreement between the government and Contracta Construction UK Limited was for an amount of €66,350,000 for the design and execution of works for the development of the Kumasi International Airport.
Tamale Airport
For the design and construction of the Tamale International Airport, the government has entered into an agreement with Banco Santander S. A. and its affiliates for an amount of $56,000,000.
Another agreement for the design and construction of the same airport was between the government and Queiroz Galvao Construction UK Limited for $70,000,000.
There was also a tied commercial loan agreement between the government and Banco Santander S. A. and its affiliates for $24,000,000 for the design and construction of the Tamale International Airport.
Source: Daily Graphic
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Nana addo will come & stop this ndc rot. This isnt value for money
@JOE ATISO. you people are st1ud11d in everything. when Ghana airport company said Kumasi and tamale airports will be built in phases were you sleeping like your sleeping old bozo nana akufu addo.
@kts its true that Ethiopia is building three airpot for US$ 64.5m but mind you these are local airpots meant to boost their torrism. so the capacity is smaller in terms of cargo section arrival halls, parkin lots etc. please read thoroughly before making comparism. don't be like your old bozo who gooffed on the circle and kasoa interchange. for me I prefer politicians taking chobo and building infrastruction such as airports that will stand the test of time than a government that will sell state property to themselves
GHANAIANS WERE TOLD $29 MILLION WAS SPENT ON KUMASI AIRPORT AND NOW WHAT AGAIN? THE $29 MILLION AIRPORT COULD BE COMPARED TO A FARMER'S AIRSTRIP IN IOWA IN THE U.S. THIS JDM WAS ABLE TO CON HIS CONFIDANT OTUMFUOR OSEI TUTU TO PARTICIPATE IN THE GRAND OPENING OF THIS REFURBISHED ***barred word*** AIRPORT AMID POMP AND PAGENTRY. THIS NDC JUNTA NEEDS TO BE REMOVED AND EVERYONE LINKED TO THEIR CORRUPT SCHEMES AND ATROCITIES MUST BE PROSECUTED TO THE FULLEST EXTENT OF THE LAW......
Kumasi airport again? I thought this government said they have upgraded that airport to an international one already. lies here, lies there, lies everywhere. Change is coming
wether ethopia is building it for 1 dollar, we still want those airports to be build. npp just blowing hot air all the time. this is what we call real development not giving 3% of ghanas oil revenue to you criminal gang called EO group.
What at all is wrong with this NDC government. Ethiopia building three new airports just under 60M% We are talking about a section of it at this huge cost. Corruption galore.....
What kind of ***barred word*** and rubber-stamp legislature do we have in this country? You sit there unconcerned for the incompetent executive to flood you with all manner of loans, and yet u approve them!!!! Mother Ghana is weeping blood!!!