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February 21, 2007

Ghana: $25M seed money for Bui City

Chris Benjamin , The Statesman, 21/02/2007

The Minister of Finance & Economic Planning has disclosed that $25 million will be readily available as seed money for the proposed integrated Bui Dam and Bui City project. The $600 million project is funded mostly by the Chinese government, and will be executed by China's largest hydropower engineering firm, Sino-Hydro, using a largely Chinese labour force.

Speaking exclusively to The Statesman on Tuesday, Kwadwo Baah-Wiredu said the development of the city project preferred by Government will also involve the Chinese and the Ghanaian private sector.

Sounding buoyant, he said, "Where opportunities abound, we must be courageous enough to use them."

Full story...

Posted by pichu at February 21, 2007 11:59 AM