The concession agreement for the construction of the Accra Sky Train Project has been signed on the sidelines of the ongoing African Investment Forum, on Monday, November 11, 2019.
The signing of the agreement means feasibility studies, spanning a period of nine months, to determine the bankability of the project, will commence, with investors assuring that the first station for the Accra Sky Train project will be opened in 9 months.
At the signing ceremony, President Nana Addo Dankwa Akufo-Addo described it as "A happy day for Ghana and her good people," adding that it is a "critical step towards the consummation of this project," and a vivid testimony of the value of the African Investment Forum.
The President thanked the SkyTrain Consortium for putting together the wherewithal that is allowing this project to go forward.
The Accra Sky Train, according to him, "is meeting an important infrastructural need, and hopefully the step that is being taken today, that is signing of the concession agreement, is bringing the project to much nearer conclusion. That is what we are hoping for, so that the people of Ghana benefit from the progress and the relief that a modern system of transport in our capital city is going to bring."
Sky Train systems are pre-fabricated using precision moulded, pre-stressed reinforced concrete components that are capable of being installed at a very rapid rate, meaning that there is minimal disruption and congestion in the urban area that would undergoing installation and commissioning.
The proposed SkyTrain initiative in Accra provides for the development of five routes, four of which comprised of radial routes that originate at the proposed Sky Train Terminal, at the heart of Accra, at a newly developed Kwame Nkrumah Circle, and one route that provides an intra-city commuter loop distribution service, also emanating from Circle.
The project envisages a total track length across all routes of 194 kilometres.