The proposals being counted by officials from Ghana and Burkina Faso.
Foreign and domestic investors appear to be in a scramble for the proposed Accra-Ouagadougou rail project.
This came to light on Monday in Accra when the Joint Committee of Experts on the project met to commence the evaluation process.
It announced the names of the various entities that expressed interest in the project at the end of the deadline.
The evaluation process is expected to last for a week, according to the Minister Joe Ghartey.
About 15 investment proposals have been submitted to the Ministry of Railways Development in Ghana, and 10 proposals to the Ministry of Transport, Urban Mobility and Road Safety of Burkina Faso.
The Joint Committee of Experts advertised for the bidders for the project.
It would be recalled that the committee held a meeting in Ouagadougou from 10-11 April, this year.
Monday, May 21st 2018 was set for the deadline for submission.
At the meeting on Monday, May 28, it was revealed the companies that have expressed interest in the project so far include African Global Development, GeoService of Russia, China Railway Dongfang Group, Jet Contractors, ICTAS INSAAT, MNG Group, GPI Consult Middle East, PowerChina Limited, Envirochem/Envi Group, 3DM Consortium, MPA, Afum Quality Limited, Power China Sino Hydro, Technical SPA/Matador, AECOM, Global Procurement International, Frontline Capital Advisors.
The Accra-Ouagadouhou rail project was proposed by President Akufo-Addo and his Burkinabe counterpart, Roch Marc Christian Kaboré and is in line with Article 32 Paragraph (a) of the revised Economic Community of West African States (ECOWAS) Treaty, which encourages member states to evolve common transport and communications policies, laws and regulations among themselves.
The project is scheduled to be completed by the end of October 2020.
Mr Ghartey told BUSINESS GUIDE on the sidelines of the meeting in Accra that the governments of both countries are committed to meeting the deadline.
Mr Ghartey said Ghana has put together a five-member team to assist its Burkinabe counterpart in the evaluation process, adding that the processes of procurement for the project have commenced.
He urged the evaluation panel, being chaired by deputy ministers of both countries to choose the bidder “who has the capacity to do the job in the shortest possible time.”
According to the minister, “It’s quite clear that competition will bring the best interest for us.”