The Government of Ghana has secured a Social Loan financing of EUR280 million (US$331.81 million) from Standard Chartered Bank aimed to develop a section of the Eastern Corridor road. With the aim of improving the basic transport network, the project was eligible for a social loan as it will provide affordable basic infrastructure.
This is the first social loan by Standard Chartered Bank in Sun-Saharan Africa (SSA). The financing was backed by Euler Hermes. INZAG Germany GmbH will act as Engineering, Procurement, and Construction (EPC) contractor for the project.
The investment will be used to fund Lot 1 of Eastern Corridor, which involves a 64 km long dual-carriageway linking Ashaiman roundabout and Akosombo Junction as well as two flyovers, two interchanges, 11 pedestrian bridges, and three mixed bridges.
Country updates
-
-
March 29, 2021
Standard Chartered finances the Road PPP project in Tamale
Standard Chartered has announced the signing for EUR55 million(US$65.62 million) funding with the Ministry of Finance of the Republic of Ghana for a road infrastructure PPP project. The funding w...
Read more -
November 16, 2020
Commissioning of Pan West African broadband network announced
At the AfricaTech Festival international trade fair, Orange and its subsidiaries announced the commissioning and commercial launch of Djoliba, the first pan-African backbone. This infrastructure is ba...
Read more -
May 22, 2020
RFEOI seeking financial adviser for solid waste management project in Ghana
The World Bank Group has launched a request for expression of interest (RFEOI) seeking financial and economic advisory for a solid waste management project in the Greater Accra Region, Ghana. The...
Read more -
May 05, 2020
ADB approves EUR 12.33 million additional grant for Lagos-Abidjan highway
African Development Bank approved additional funding of EUR 12.33 million (US$ 13.52 million) in favor of the ECOWAS Commission to cover part of the costs related to the study of the Abidjan – L...
Read more -
January 23, 2020
UK launches new venture to create rich pipeline of infrastructure projects across Africa
UK International Development office has announced partnering with five African countries to mobilize private sector investment in quality, environmentally-friendly infrastructure projects. The UK...
Read more
