$15 million investment required to support assembling of coaches locally- Railway Minister

Government is considering a $15 million investment to support the indigenization and assembling of coaches in Ghana, Minister for Railway Development, Joe Ghartey has hinted.

According to him, the ministry is exploring opportunities and partnership to raise the requisite capital to drive this initiative which ultimately would spur development in the railway sector.

Speaking in an exclusive interview on the Jolly Breakfast Show this morning with Samuel Kojo Brace [host], Hon Ghartey indicated that the ministry together with some technical experts have teamed up to see this vision through.

He noted that the ministry for environment science and technology would collaborate to chart this ambitious agenda. In that vein, the Minister noted that the famous railway repair station in Sekondi; popularly called “Location” would have its foundry rehabilitated.

“We want to put up a foundry. We have an old one at Location. We are working with the Prof. Frimpong Boateng’s Ministry to get this facility as soon as possible. Our managing director, and a team of experts are working at raising the $15 million. This, we are considering either funding it through government or by partnership with the private sector”, he clarified.

“We have the concept notes and feasibility studies already done”, he stressed.

A member of the technical team, Edwin Philips told Skyy News the move is commendable.

“It is good that we are starting with assembling. And normally when you start assembling then you start producing some of the parts yourself…and then gradually graduate to produce most parts of it. So you may produce certain areas and you also buy certain components from outside, put them together and you get your rolling stock”, he said.

He indicated that Location already has some structures that could easily be converted into a foundry, however, added “we would need to examine all the structures to determine which one we can easily adapt, then the next would be bringing in the equipment for the foundry”

“I am sure it is something we can do within a year…if the money is available”, Mr Philips added.


Story: Abraham Mensah/Skyy News

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