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The Ministry of Railway of Ghana and the Ministry of Transport, Urban Mobility and Road Safety of BURKINA FASO had a dialogue on the railway line that  will link the two nations. The meeting started on the 19th February, 2018 and finalized today by signing the Memorandum Of Understanding to establish the railway from Ghana to Burkina  Faso at LA Palm Royal Beach Hotel in Accra.

The  meeting was under the patronage of the Minister for Railways Development of the Republic of Ghana, Hon, Joe Ghattey and the Minister for Transport, Urban Mobility and Road Safety of Burkina Faso, Mr. Vincent T. Dabilgou.

Hon. Andy Appiah -Kubi the Deputy Minister for Railways who chaired the program emphasized in his speech that, "The two countries have agreed on the need to engage a Transaction Advisor. The role of the Transaction Advisor will be to assist the Governments of the Republic of Ghana and Burkina Faso to review /undertake various studies, including survey works and also go through a procurement process in line with applicable laws of the two countries to engage a private sector investor (s) to develop the proposed railway inter-connectivity project between the port of Tema and Ouagadougou, on Build, Operate and Transfer (BOT) basis."

According him, The committee further agreed at the meeting that the Ghanaian side will propose the procurement of a Transaction Advisor whose mandate will stretch to cover the whole project. The committee, realizing the exigencies of the timelines, recommended the adoption of the most efficient method of procurement, such as sole -sourcing or restrictive tendering process for the engagement of the Transaction Advisor.

The Terms of Reference for the Transaction Advisory Service was drafted by the Ghanaian side and presented to the Burkina side during the meeting. Burkina Faso agreed in principle, the need for the engagement of a Transaction Advisor to support the two Governments in the development of the project by the private sector partner."

Hon. said, in the  meet, Burkina Faso indicated that they have been approached by two (2) private sector partners,Dubai Touch and African Global Development SARL. One of the partners,  African Global Development SARL, who has shown much commitment, has already conducted feasibility studies on the proposed line for which copies of their reports are to be submitted to the committee, including Drawings on the route and proposed to undertake the project on a Build,  operate and Transfer (BOT) model. The recommended partner, according to the Burkinabe side,is also in a position to arrange funding for the project. Under the circumstances, Burkina Faso strongly recommended one of the company, African Global Development SARL, as the preferred partner for the project."

Hon. Andy Appiah Kubi made it cleared that, the need for the development of a Treaty between the two countries, in view of the size and nature of the project was discussed and was agreed by the committee at the meeting. In this  regard,two members of the committee including the legal officers from Republic of Ghana and Burkina Faso were tasked to review a draft Treaty for discussion during the next meeting in Ouagadougou."

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