STX deal to be signed this month

Minister of Water Resources, Works and Housing, Alban Bagbin

By: Linda Akrasi Kotey

The Minister of Water Resources, Works and Housing, Alban Bagbin, has re-assured Ghanaians that there was nothing fishy going on, so far as the STX housing deal was concerned, and that anyone who tries to cash in on the situation, will be caught.
Speaking in an interview with The Chronicle in Accra yesterday, Bagbin stated that all was set for the project to take off, as the government had completed all the paper work.
According to him, the final agreement would be signed this month by the Korean counterparts.
According to him, after approval by Parliament, there was the need to gazette notification, which is published in the national gazette, to give notice to the country and the world at large, that the government was committed to implementing the project.
Mr. Bagbin mentioned that there was the need to implement the basic terms of the agreement, by preparing a document called the EPC, which captures the engineering and all the procurement processes and actual construction of the houses.
He mentioned that the government also had to look for security protective measures like the performance bonds, which are not done in parliament.
He revealed that the signing ceremony, which was supposed to take place at the Vice President’s office, was called off, because the EPC documents had not been gone through by the relevant authorities.
On September 20, 2010, a ceremony at the Castle, for the Korean firm and the government to sign the deal, was rescheduled, because of some anomalies they detected.
Consequently, the issues were referred to the Attorney-General and Minister for Justice for fine-tuning, to pave the way for the construction of 30,000 housing units for the security agencies.

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