As a result of coastal erosion and rainfall which have damaged Ghana’s towns and coastline, cutting off access to flood-affected regions, The United Kingdom has moved to extend a £42m guarantee for Gloucestershire-based steel fabricator Mabey Bridge to ship 87 emergency bridges to Ghana through its export credit agency, UK Export Finance (UKEF).
According to reports, the structures will be designed and made in the UK and shipped to west Africa, where local engineers will be trained to erect them under the supervision of Ghana’s Ministry of Roads and Highways.
Michael Treacy, Mabey Bridge chief executive said: “Sustainable, climate-resilient infrastructure is critically important to post-disaster recovery and development. The financing from UK Export Finance will enable us to successfully deliver this ambitious programme, in partnership with the Ghanaian government.”
Once the bridges are installed, they will provide quicker, safer and more efficient access to employment, education and healthcare.
Desislava Radeva, director of structured export finance at Standard Chartered Bank, said: “We are extremely proud to reinforce our position as a reliable bank of choice to the Ministry of Finance of the Republic of Ghana and to enhance our collaboration with UKEF by delivering this important financing.”