Management of the Beijing Everyway Traffic and Lighting Technology Company Limited has signaled that it will file a suit against the Government of Ghana in the London court of international arbitration.
The company was contracted to implement the Accra intelligent traffic management project worth 100 million dollars after Parliament’s approval in 2018.
On Friday, the Bill was re-laid before Parliament on Saturday, but this time with a contract agreement which is between the Government of Ghana, represented by the Ministry of National Security, Huawei Technologies Company Limited, and the China National Import and Export Corporation.
The Bill was passed under a certificate of urgency.
Following that, Beijing Everyway Company Limited indicated in a statement that it passed due diligence by all relevant authorities such as the Ministry of Roads, Ghana Embassy in China, China Development Bank, and various Chinese government agencies.
The company added that it was given the clearance to commence the project by both the Ministry of Finance and the Ministry of Roads in 2019.
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Based on that the Beijing Everyway said it had submitted a 10 million dollars of Performance Security to the Ministry and shipped over 50 containers of goods to Ghana for the implementation of the project.
Beijing Everyway revealed that it has since been on-site for the civil works and installation.
Meanwhile, the Ministry of Roads and Highways, earlier this year, started the implementation of the Accra Areawide Traffic Intelligent System to help reduce traffic congestion in the capital city.
The Minister of Roads and Highways, Kwesi Amoako-Atta, inaugurated two of the area-wide traffic intelligent systems in Accra in February 2020.
They were the Kanda Highway/Castle Road and the Starlet 91/Nationalism Park (close to the Accra Stadium) traffic lights.
However, Management of Beijing Everyway says this move by the government will seriously affect international investor confidence in Ghana, and it will seek redress in the court of arbitration in London.
Source: Fauzeeya Jamal-deen