GERC to construct 340km railway line in Ghana at $2.2bn — cost of 156km Lagos-Ibadan rail line
The Ghanaian- European Railway Consortium (GERC) has agreed to construct a 340km standard gauge railway line in Ghana at $2.2 billion, the same contract price as the 156km railway line between Lagos and Ibadan. In 2016, China Civil Engineering Construction Corporation (CCECC), had signed a $2 billion agreement with the Nigerian government to build a 156 km railway line between Lagos and Ibadan. A ground-breaking ceremony for the construction held in March 2017. The Eastern Railway line, which links Accra, Tema and Kumasi, is expected to boost economic activities along the corridor, especially at the Boankra Inland Port after completion.