Airports Company seeks US$150m for Ho,Wa, airports

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The Ghana Airports Company Limited (GACL)
is seeking to raise an additional US$150million
to finance the construction of a new airport at
Ho in the Volta Region, and to rehabilitate the
Wa airstrip in the Upper West Region as it
deepens efforts to improve domestic aviation. Charles Asare, Managing Director of the
company, confirmed the need to raise
additional capital for funding airport
infrastructure to the B&FT. “We are going to
raise an additional US$150million. This year we
completed rehabilitating Kumasi Airport. We are going to rehabilitate Sunyani, recommission
the Wa airstrip and make them operational. We
are also going to cut the sod for construction
of a brand-new airport at Ho that will measure
1,600metres x 45metres.” The new capital
required by the state-owned company comes weeks after it secured US$250million from a
consortium of banks led by Ecobank Capital
for the construction of a third terminal at
Kotoka International Airport (KIA).

Source: Ghanaweb.com

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