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Ghana's Skytrain Project Falls Down Back To Earth
There was already skepticism on if the government would be able to complete the project and that was realized this week when the Ghana Ministry of Railways officially shelved the “Skytrain” project.
The Skytrain project was to build a fully automated and highly efficient, and public mass transit system that would use air propulsion technology to drive lightweight, high passenger volume vehicles.
The estimated cost of the project was valued at $2.6 billion.
In the end, the project was deemed too expensive to continue and has been ultimately shelved.
The Skytrain project will join a long list of failed mass transportation projects including a 2010 Monorail project which never took off and the most recent Rapid Bus Transport system.
Maybe the pilot testing of mass transportation by Treepz will be successful and help with public transportation in Accra.
News of the Week
Tix.Africa, a self-service ticketing startup platform, has announced that they are now live in Ghana. Tix Africa allows event organizers all over Africa to sell event tickets and collect payments in their local currency
U.K.-funded Financial Sector Deepening (FSD) Africa is set to launch insurtech accelerator programs in Ghana and Nigeria next year to promote innovations that will drive the uptake of insurance.
Asilimia, a startup that is building the digital infrastructure to connect African MSMEs to the formal financial economy, has secured $2 million to grow its team, deliver new services and expand in Africa
The Social Security and National Insurance Trust (SSNIT) is planning to introduce a feature that will allow for the payment of pension contributions through mobile money and bank account transfers
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