Parliament of Ghana
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14th July, 2009
Parliament Has Approved $67.6 m Loan For Ada Coastal
Parliament has approved 67.6 million Euros buyer’s credit agreement between the government and BNP PARIBAS of Belgium for the construction of Ada Coastal Protection works.
The Deputy Minister of finance and Economic Planning, Seth Tekper moved the notion on the resolution to approve the loan and was seconded by James Avedzi (NDC-Ketu North), chairman of the finance committee.
The project is expected to support the protection of approximately 14 kilomets of the shore line fronting the coast of Ada to facilitate the development.
The project will be undertaken by M/S Dredging International Services, Cyprus and International Marine and Dredging consultants of Belgium to be completed in two years.
Members of Parliament in their contribution expressed optimism that the project, on completion, would bring relief to the people of Ada who have been suffering from sea tidal waves
Presenting the report of the Finance Committee on the facility, Mr. Avedzi said the devastating effects of the strong tidal waves could be enormous if immediate steps were not taken to bring the emerging catastrophe under control.
He said based on impact assessment study on the sea erosion problem at Ada, the consultants and contractor recommended technical interventions needed to address the problem.
Mr. Avedzi said the committee noted that the project would help achieve the common objectives of the Ministries of Water Resources Works and Housing and Finance and Economic Planning to protect the present and future infrastructure development along the Ada Coast from sea erosions.
He said the project would help create economic opportunities for the people around through employment generation that would help curb rural-urban migration.
Besides, Mr Avedzi Said the project was expected to attract investors in salt production, tourism and fishing to the area.
The committee observed that even though the project cost and insurance all amounted to 67.6 million Euros, the cost of the equipment, machinery and materials required to execute the project is 98.9 million Euros.
Mr. Avedzi said the equipment would, however, be the property of the contractor who is expected to re-export them after the completion of the project.
Contributing to the motion, Ignatius Baffour-Awuah (NPP Sunyani West) said there should be monitoring to ensure value for money and that the equipment which would be imported under tax exempt were solely used for the project.
Albert Abongo (NDC – Bongo) Minister of Water Resources, Works and Housing commended the house for approving the loan to solve the problem once and for all and noted that the contractors had the pedigree to do a good job.
Earlier, Juliana Azumah Mensah, Minister of Tourism, answered questions regarding formular for sharing proceeds from the Kakum National Park and about future plans to develop the spiritual fish habitat on the Tano River as a tourist attraction.
She said the Ministry was consulting with the appropriate agencies to revisit the sharing formular that had not been implemented since 2006.
Mrs Azumah-Mensah added that the ministry, through the Ghana Tourist Board, would work closely with the Techiman Municipal Assembly to develop the sacred fish pond and other attractions in the municipality.
The questions stood in the names of Rev. Benjamin Donkor (NPP – Hemany-Lower Denkyira) and Simons Addai (NDC – Techiman South).
The Deputy Minister of finance and Economic Planning, Seth Tekper moved the notion on the resolution to approve the loan and was seconded by James Avedzi (NDC-Ketu North), chairman of the finance committee.
The project is expected to support the protection of approximately 14 kilomets of the shore line fronting the coast of Ada to facilitate the development.
The project will be undertaken by M/S Dredging International Services, Cyprus and International Marine and Dredging consultants of Belgium to be completed in two years.
Members of Parliament in their contribution expressed optimism that the project, on completion, would bring relief to the people of Ada who have been suffering from sea tidal waves
Presenting the report of the Finance Committee on the facility, Mr. Avedzi said the devastating effects of the strong tidal waves could be enormous if immediate steps were not taken to bring the emerging catastrophe under control.
He said based on impact assessment study on the sea erosion problem at Ada, the consultants and contractor recommended technical interventions needed to address the problem.
Mr. Avedzi said the committee noted that the project would help achieve the common objectives of the Ministries of Water Resources Works and Housing and Finance and Economic Planning to protect the present and future infrastructure development along the Ada Coast from sea erosions.
He said the project would help create economic opportunities for the people around through employment generation that would help curb rural-urban migration.
Besides, Mr Avedzi Said the project was expected to attract investors in salt production, tourism and fishing to the area.
The committee observed that even though the project cost and insurance all amounted to 67.6 million Euros, the cost of the equipment, machinery and materials required to execute the project is 98.9 million Euros.
Mr. Avedzi said the equipment would, however, be the property of the contractor who is expected to re-export them after the completion of the project.
Contributing to the motion, Ignatius Baffour-Awuah (NPP Sunyani West) said there should be monitoring to ensure value for money and that the equipment which would be imported under tax exempt were solely used for the project.
Albert Abongo (NDC – Bongo) Minister of Water Resources, Works and Housing commended the house for approving the loan to solve the problem once and for all and noted that the contractors had the pedigree to do a good job.
Earlier, Juliana Azumah Mensah, Minister of Tourism, answered questions regarding formular for sharing proceeds from the Kakum National Park and about future plans to develop the spiritual fish habitat on the Tano River as a tourist attraction.
She said the Ministry was consulting with the appropriate agencies to revisit the sharing formular that had not been implemented since 2006.
Mrs Azumah-Mensah added that the ministry, through the Ghana Tourist Board, would work closely with the Techiman Municipal Assembly to develop the sacred fish pond and other attractions in the municipality.
The questions stood in the names of Rev. Benjamin Donkor (NPP – Hemany-Lower Denkyira) and Simons Addai (NDC – Techiman South).
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