Business News of Saturday, 7 March 2015
Government is in negotiations with the KBC Bank of Brussels from Belgium for €3.5million as supplementary funding for the Essakyir Water Supply system in the Central region.
Members of the Finance Committee in Parliament are expected to finalise their deliberations and present their report to Parliament for approval before the deal is struck.
Parliament last year, approved a mixed credit facility agreement between the government and the KBC Bank of Brussels, Belgium for €21.9million for the construction of the Essakyir Water Supply System.
Chairman of the Finance Committee, James Klutse Avedzi, who moved for the adoption of the loan said out of the amount, covered the total project cost while €1.8million was the total finance cost.
He said the project which was expected to be completed in 24 months would consist of the construction of a conventional water treatment plant comprising coagulation, flocculation, sedimentation, rapid gravity filtration and disinfection chlorination.
In addition, clean water reservoir with associated high lift pumps would be constructed to cover the treated water to the different sub-systems, whilst new pipelines with larger diameters would be installed for both transmission and distribution to improve water delivery to the project areas.
Mr Avedzi said beneficiary communities included Ekumfi, Otuam, Mumford, Dago, Mbroboto, Ekumpoano, Muna, Aboano, Sefara, Essuehyia, Akra, Asaafa, Etwaa, Nakwa, Asokwa, Abeka, Ekumfi, Swedru and other communities at the tail end of the distribution network of Winneba, Balikrom and Kwanyako Water Treatment Plants.