The Vice President, Alhaji Dr. Mahamadu Bawumia has hinted that government will now resort to getting financial support from the World Bank to construct the much-touted Pwalugu Multipurpose Dam project which will be located in the Upper East and North East Regions.
This comes after government’s failed attempt to construct the multifunctioning dam which was awarded to a Chinese firm known as SYNO-HYDRO Company Limited at a whopping 993 million United States dollars.
The sod cutting of the project which was done on 29th November 2019 by President Akufo-Addo was expected to be completed in the year 2023 with the aim to address floods, generate electricity, and for all-year-round farming.
But Dr. Bawumia said the construction of the project has not seen the light of day because of financial challenges as a result of the global crisis.
“The Pwalugu Dam project is a project that I believe the World Bank should really take the key interest in the development partners as well. Government is faced with financial challenges as many countries are at the moment. But we want to make sure this project is completed”, he stated.
Dr. Bawumia believes one key project that could avert climate change is the construction of the Pwalugu Multipurpose Dam project and government will engage the World Bank for financial support for the project.
“I just want to put it on the table that from here, we will be discussing this project further with you [Country Director of the World Bank, Pierre Frank Laporte], so that we can see to its construction”, he stated.
The Vice President said this when he launched the Gulf of Guinea Northern Regions Social Cohesion (SOCO) project in Bolgatanga.
The SOCO project aims to tackle conflict from the Sahel, reduce vulnerability to climate change, and strengthen local institutions, economic opportunities, and public trust in the Upper East, North East, Upper West, Northern, Savannah, and Oti regions.
In attendance included the Country Director of the World Bank, Pierre Frank Laporte among others.
Source: A1Radioonline.com|101.1Mhz|Joshua Asaah|Bolgatanga
