Makola Market to be reconstructed
The Makola market in Accra is to be reconstructed at a cost of $30 million through a public-private partnership (PPP). Eight other markets as well as the Rawlings Park are also to be restructured.
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The others are the Mallam, Salaga, Makola No 2. Annexe, Mallam Atta, London, PWD Kwasiadwaso and Kantamanto markets.
The Director of the Public Investment Division of the Ministry of Finance, Mrs Magdalene Apenteng, who made this known at the third PPP global conference in Takoradi, said a transaction advisor had been appointed for the Makola Market project.
Already, feasibility studies for the Makola Market project had been completed and approved, she said. Facilities at the market will include a main market, administrative offices, day-care centres, clinics, paved grounds, drainage and water harvesting facilities.
Others are temperate control rooms, sanitation points, warehouses, canteen and restaurant services, transit accommodation for traders, alternative solar power source, police and fire stations, shops and space for financial institutions.
Objectives
The objective, Mrs Apenteng said, was to build an efficient functioning domestic market system, with the project scope covering private parties for the design, finance, build, operate and transfer of assets to the Accra Metropolitan Assembly (AMA) at the end of the concession period.
The Project Coordinator and Special Assistant to the Chief Executive Officer of the AMA, Mr Robert Ansah, said the project would include other markets in the metropolis to create and position Accra as a business hub.
Affordability and movement
He said as part of its preparation, the assembly and the traders were working together to ensure that they were on the same page in their quest to bring modernity to the city.
“The traders are already planning their relocation to pave way for the project and it is being done in a more collective way that will not bring any problems,” he added.