Afcons Infrastructure Share Price Rises 1.76%; Completes Ghana’s Landmark Tema-Mpakadan Railway Project

Afcons Infrastructure Ltd announced the successful commissioning of Ghana’s first Tema-Mpakadan Standard Gauge Railway Line by President Nana Addo Dankwa Akufo-Addo. Completed at a cost of approximately $447 million, the 100 km rail network is a landmark infrastructure development for the country.

Details of the Project

Key features of the project include seven passenger stations, a 300-meter railway bridge over the Volta River—the first of its kind in Ghana—two rail head facilities, and multiple rail and road bridges. These include four rail bridges, 11 road under-bridges, and 22 road over-bridges.

This railway line aims to decongest roads, enhance port efficiency at Tema, and reduce reliance on road transport for long-distance freight and passenger movement. The project was financed through India Exim Bank credit, highlighting strong bilateral cooperation. This milestone underscores Afcons’ expertise in delivering world-class infrastructure projects internationally.

Commenting on this achievement, the Managing Director of Afcons, Mr S Paramasivan, said, “We are proud to have executed the largest railway project in Ghana. This project will play a pivotal role in revamping and modernizing the country’s railway infrastructure. The construction of a bridge over the Volta River is a classic example of extreme engineering.”

Speaking at the event, President Akufo-Addo stated, “Today, we gather to celebrate the completion of the Tema-Mpakadan railway line. A vital component of Ghana’s first multimodal transport system, is to drive the economic growth of our nation. This 100-kilometer railway line complements a visionary transport system that integrates rail, road, and inland water transport, connecting TemaPort to Buipe Port via the Volta Lake.”

On November 26, 2024, Afcons Infrastructure share price opened at ₹534.00, up from its previous close of ₹528.25. At 9:52 AM, the share price of Afcons Infrastructure was trading at ₹537.55, up by 1.76%.

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