Happy Thursday,There is a big project going on in Ghana. There is no much information though. All we found is the same piece of news here and there.Find a summary below:Ghana is at the threshold of securing a $500-million loan from Goldman Sachs, to finance the revamping of the Western Railway Project.The facility, which will be subject to approval from the country's development partners, particularly the International Monetary Fund (IMF), will be used to finance the first phase of the Western railway.The project, which forms part of the general infrastructural rehabilitation and rebuilding exercise by the government, is expected to cost $1.4 billion, which will be financed through a Public-Private Partnership (PPP).A Special Advisor to the Minister of Finance and Economic Planning, Professor Newman Kusi, who made this known to the Daily Graphic, said a private sector rail company, Africa Rail Ghana Ltd, was bringing in the rest of the funding for the first phase of the Tema-Accra-Nsawam-Koforidua railway line.The special advisor said work on the project was expected to start by the next fiscal year, adding that the interest rate on the loan had not yet been finalised but the facility would fall due for repayment in seven years.The World Bank's Africa Infrastructure Diagnostic Survey states that Ghana needs about $1.2 billion investment annually for the next 10 years to close its infrastructural gap. For the rest of Africa, the financing gap is $93 billion per annum.The government is, therefore, developing a Public-Private Partnerships (PPPs) policy to attract increased private sector participation in the delivery of modern infrastructure and public services in the country.Source: Accra-MailYou can follow us also on TwitterRegards