Bloomberg News

General Electric, Ghana Sign $200 Million Rail Deal, Times Says

March 12, 2012

Ghana and General Electric Co. signed a $200 million agreement in which the Fairfield, Connecticut-based company will rebuild part of the country’s western rail lines, the Ghanaian Times said.

GE will provide locomotives, servicing and maintenance for the rail system, which needs $1 billion to be fully rebuilt, the Accra-based newspaper said. The West African nation signed a separate $595 million accord for the reconstruction of flood drains in the capital, Accra, with Conti Group, the Ghanaian Times said.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.


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