Ghana and Burkina Faso have agreed to engage a Transaction Adviser to assist their respective Governments to review and undertake various studies including survey works. They will also go through procurement process in line with applicable laws to engage private sector investors to develop the proposed railway interconnectivity project between the port of Tema and Ouagadougou on Build, Operate and Transfer [BOT] basis.
This was contained in communiqué released at the end of second meeting of the Joint Committee of Experts for the Ghana and Burkina Faso Railway Interconnectivity project which took place in Accra from 19th to 22nd February, 2018.
The meeting was under the patronage of the Hon. Joe Ghartey, the Minister of Railways Development of Ghana and Mr. Vincent T. Dabilgou, the Burkinabe Minister for Transport, Urban Mobility and Road Safety.
GhanaNewsOnline.com.gh has established that the technical meeting was jointly chaired by Mr. Andy Appiah Kubi, Ghana’s Deputy Minister of Railways Development and Mr. Issaka Sique, the Secretary General for Ministry of Transport Urban Mobility and Road Safety of Burkina Faso.
The committee per the communiqué further agreed that the Ghanaian side would propose the procurement of a Transaction Adviser whose mandate would stretch to cover the whole project. The committee, realizing the exigencies of the timeline, 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.
On review and validation of the terms of reference of the engagement of private sector partners for the development of the project, the Joint Committee of Experts according to the communiqué reviewed the draft terms of reference for the engagement of the private sector partner extensively and adopted same.
With regard to recommendation of the private sector partners for the development of the project, the communiqué indicated that Burkina Faso have been approached by two private sector partners, Dubai Touch and African Global Development SARL. Under the circumstances, Burkina Faso strongly recommended African Global Development SARL as the preferred partner for the project.
Per the treaty for the development of railway interconnectivity between Ghana and Burkina Faso, the communiqué stated in view of the size and nature of the project, two members of the committee including the legal officers from Ghana and Burkina Faso were tasked to review a draft treaty for discussion during the next meeting in Ouagadougou from Monday, 12th to Tuesday, 13th March, 2018.
Source: Adovor Nutifafa