Palaver — While other investors were not given the chance at the negotiating table for the acquisition of Ghana Railways Company because of not paying the US$250,000 bid-bond required by the Ministry for Ports, Harbours and Railways, the United Rail International, which is currently in negotiations with the Government, has not paid anything, according to sources inside the Ministry.
The source told ?The Ghana Palaver? that as at March 2005, when the Ministry started negotiating with the United Rail International, the company had not paid the bid-bond as demanded by the Ministry from other investors.
The source, who appeared surprised at the handling of the bid-bond issue by the sector Minister, said he did not expect Prof. Akumfi to be so biased in the search for a good investor to takeover the running of the Ghana Railway Company.
?The Minister is aware that the URI has not paid their bid-bond? the source emphasised, ?and yet has gone ahead to start negotiations with them while other investors with track records in rail business have been left out.
?If the Minister is saying the URI paid the bid-bond, he should tell Ghanaians who paid the money and through which Bank the transaction was made?, the source demanded.
Source: GhanaWeb
