Business News of Monday, 19 August 2024

Source: www.ghanaweb.com

We have secured $2 billion funding for construction of Cape Coast Airport – Dr. Bawumia

File photo of an airport project File photo of an airport project

The flagbearer of the New Patriotic Party, Dr. Mahamudu Bawumia has revealed plans for the development and construction of an airport in Cape Coast if elected as president in the upcoming December elections.

According to him, $2 billion in funding has been secured from South Korean investors to begin the Cape Coast Airport project.

Speaking at the party’s manifesto launch on August 18, 2024, Dr. Bawumia also pledged to construct a new airport in the Upper East region to boost economic growth and improve the country’s aviation infrastructure.

“I will facilitate the establishment, by the private sector, of a Maintenance, Repair and Overhaul (MRO) facility at the Tamale Airport, to develop it into an aviation cargo, horticultural cargo, and logistics hub, commence the development of the Cape Coast Airport, for which funding has been secured under the Korean $2 billion facility, in collaboration with the private sector, and build an airport in the Upper East Region.”

In 2023, the government conducted a feasibility study for a new airport in Cape Coast.

The government explained that the proposed Cape Coast Airport was necessary to enhance air travel in the central and western parts of the country, in order to boost tourism, trade, and domestic air connectivity.

Aviation consultants Ayeh & Ayeh, who were tasked by the government to conduct a feasibility study, have since completed and presented their report.

MA/NOQ

Watch the latest edition of BizHeadlines below:





Ghana’s leading digital news platform, GhanaWeb, in conjunction with the Korle-Bu Teaching Hospital, is embarking on an aggressive campaign which is geared towards ensuring that parliament passes comprehensive legislation to guide organ harvesting, organ donation, and organ transplantation in the country.

Click here to follow the GhanaWeb Business WhatsApp channel