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The GT Bank, Ghana has released a whopping GH¢4million to Ghana Premier League side, Accra Hearts of Oak for the commencement Pobiman Project of the club.

The club early this year announced that they have secured a GHC4million loan from the bank to complete the dream project, which is expected to have multiple playing fields, accommodation for players, technical team and other management staff, swimming pool, among others.

The project is also expected to set the foundation for the commencement of the much-awaited "Phobia Academy" which would serve as a feeder side for the senior team.

A close source within Hearts told the GNA Sports that, the money was released to the club this week, hence the decision to engage the services of a local contractor to establish the base for the project.

Hearts of Oak on Thursday, June 25, signed an agreement with local contractors K.A Estates Limited to commence work on the Project.

Mr. Frederick Moore Managing Director of Hearts announced this on the club's official Facebook page and added that the local contractors would team up with Turkish contractors Prefabex Yapi Teknolojileri San Ve tic LTD, who had been mandated to construct the state of the art Phobia Academy.

The local contractors are expected to complete the substructural work within three months whilst the Turkish would use another four months to complete the entire project.

In all the project is expected to complete in approximately eight months.

Officials of the club have since handed the site to the contractors.