{"id":434016,"date":"2011-06-01T11:49:20","date_gmt":"2011-06-01T11:49:20","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/06\/01\/cabinet-approves-990m-chinese-loan-facility-for-railway-lines\/"},"modified":"2011-06-01T11:49:20","modified_gmt":"2011-06-01T11:49:20","slug":"cabinet-approves-990m-chinese-loan-facility-for-railway-lines","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/06\/01\/cabinet-approves-990m-chinese-loan-facility-for-railway-lines\/","title":{"rendered":"Cabinet approves $990m Chinese loan facility for railway lines"},"content":{"rendered":"<div readability=\"61.4714754098\">\n<p>You Are Here: <a href=\"http:\/\/www.ghanabusinessnews.com\">Home<\/a> \u00bb <a href=\"http:\/\/www.ghanabusinessnews.com\/category\/general-news\/\" title=\"View all posts in General News\" rel=\"category tag\">General News<\/a>, <a href=\"http:\/\/www.ghanabusinessnews.com\/category\/lead-story\/\" title=\"View all posts in Lead Story\" rel=\"category tag\">Lead Story<\/a> \u00bb Cabinet approves $990m Chinese loan facility for railway lines<\/p>\n<div>\n<p><span>Page last updated at Wednesday, June 1, 2011 11:11 AM \/\/ <\/span><\/div>\n<div><a href=\"http:\/\/www.ghanabusinessnews.com\/wp-content\/uploads\/2010\/03\/John-Tia.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-28070\" title=\"John Tia\" src=\"http:\/\/www.ghanabusinessnews.com\/wp-content\/uploads\/2010\/03\/John-Tia.jpg\" alt=\"\" width=\"248\" height=\"210\" \/><\/a><\/p>\n<p>John Tia<\/p>\n<\/div>\n<p>Cabinet has approved a loan from China to fund railway lines in the country.<\/p>\n<p>The Ghana News Agency (GNA) reports that Cabinet agreed to secure the $990 million loan facility from the Industrial and Commercial Bank of China to fund the construction of\u00a0 the Accra-Tema, Accra-Nsawam and Accra James Town Railway lines on Standard Gauge.<\/p>\n<p>Information Minister, Mr John Tia Akologu, who was addressing a press conference to highlight government\u2019s business at Cabinet between April 20 and May 13, in Accra also said a loan facility of $103 million from Citi Bank of South Africa has also been approved to finance the National Electrification Scheme in the Upper East Region .<\/p>\n<p>A $70 million agreement with the International Development Association (IDA) to finance skills and technology development and a further $50 million to finance the Second Land Administration Project have also been signed, the Minister added.<\/p>\n<p>According to the GNA, Cabinet has also approved the restructuring of the debt, technical, operational and financial diagnostic of\u00a0 the Tema Oil Refinery, Ghana\u2019s only oil refinery as well as a proposal for a credit facility of $175 million\u00a0 from the World Bank to finance the Local Government Capacity Support Project.<\/p>\n<p>\u00a0<\/p>\n<p>By Ekow Quandzie<\/p>\n<hr\/>\n<p>| | <a href=\"http:\/\/twitter.com\/home?status=Currently%20reading%20http:\/\/www.ghanabusinessnews.com\/2011\/06\/01\/cabinet-approves-990m-chinese-loan-facility-for-railway-lines\/\" title=\"Click to send this page to Twitter!\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a> | <\/p>\n<hr\/>\n<h4>Comments<\/h4>\n<\/div>\n<p>See more here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.ghanabusinessnews.com\/2011\/06\/01\/cabinet-approves-990m-chinese-loan-facility-for-railway-lines\/\" title=\"Cabinet approves $990m Chinese loan facility for railway lines\" rel=\"noopener noreferrer\">Cabinet approves $990m Chinese loan facility for railway lines<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> You Are Here: Home \u00bb General News , Lead Story \u00bb Cabinet approves $990m Chinese loan facility for railway lines Page last updated at Wednesday, June 1, 2011 11:11 AM \/\/ John Tia Cabinet has approved a loan from China to fund railway lines in the country. The Ghana News Agency (GNA) reports that Cabinet agreed to secure the $990 million loan facility from the Industrial and Commercial Bank of China to fund the construction of\u00a0 the Accra-Tema, Accra-Nsawam and Accra James Town Railway lines on Standard Gauge. <\/p>\n","protected":false},"author":0,"featured_media":434017,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":{"0":"post-434016","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entertainment"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cabinet approves $990m Chinese loan facility for railway lines - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/06\/01\/cabinet-approves-990m-chinese-loan-facility-for-railway-lines\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Cabinet approves $990m Chinese loan facility for railway lines - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"You Are Here: Home \u00bb General News , Lead Story \u00bb Cabinet approves $990m Chinese loan facility for railway lines Page last updated at Wednesday, June 1, 2011 11:11 AM \/\/ John Tia Cabinet has approved a loan from China to fund railway lines in the country. 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