Sekondi-Takorandi Metropolitan Area (STMA) Mobility and Drainage Improvement Project | Green Cities, Infrastructure, & Energy Programme (GCIEP)

Company Description

GCIEP is a programme supported by the UK government to provide technical assistance to governments in developing countries including the development of feasibility studies for potential funding by financiers.

Countries of Operation

• Ghana
• Ethiopia
• Zambia
• Mozambique
• Etc.

Ownership of Company

European Company | Entreprise européenne

Number of years since incorporated

3

Project Pitch

The STMA project is an integrated road and drainage project aimed at addressing poor city transport and road infrastructure and recurrent flooding, resulting in US$15 million annual losses to the third-largest city in Ghana. The project, when implemented, will provide connector roads linking the city and improving access to the Port, Airport, Markets, and other essential services, and flood resilience of the city. The road component covers rehabilitation of about 40km of road and the drainage component covers primary and secondary drains construction and rehabilitation, including nature-based solutions in several areas of the city.

This is a public project to be implemented and managed by the Department of Urban Roads and the Ghana Hydrological Authority under the Ministry of Roads and Highways and the Ministry of Works, Housing, and Water Resources. A comprehensive bankable feasibility study with economic analysis is being developed and will be ready in April 2026. Thus, the Government of Ghana will be seeking financing, possibly blended, for the project upon completion of the study.

Team

The GCIEP Ghana team is led by the Country Lead, supported by the Country Manager and Urban Lead forming the Country Management Team for Urban Portfolio. The Urban Lead leads a team of experts including engineers (road, drainage, water, & sanitary), quantity surveyors, environmental and gender equality, disability, and social inclusion experts, institutional experts, finance experts, nature-based solution experts, and flood modellers.

The team collectively develop the feasibility studies for road, drainage, water, and sanitation infrastructure collaborating with the Government of Ghana and connecting the government with potential financiers (grants and highly concessional loans) to ensure that the feasibility study is brought to financial closure.

Type of Project

Governmental/Institutional project | Projet gouvernemental / institutionnel

Stage

Early Venture | Jeune entreprise (early stage)

Annual Revenue (in EUR)

1.000.000 - 5.000.000 EUR

Number of employees

51-100

Total Project Cost (in EUR)

140 million

Financing needs (in EUR)

140 million

Type of financing needed

• Debt | Dette
• Grant | Subvention

The Company is looking for

Financing | Financement

Planned allocation of fundraising capital

Expansion (expanding an existing activity) | Expansion (développement d’une activité existante)