Managing Director of the Bulk oil storage and transportation company limited (BOST) Edwin A Nii Obodai Provencal, has indicated that his outfit, the state-owned company is in a position to raise GHS10 billion in revenue for the 2023 financial year.
According to the development economist, the target by BOST could be achieved due to an increase in sales which is largely driven by demand for affordable products of the Ghanaian market.
Speaking with kenyatopstories.co.ke at the APSCA Awards ceremony the BOST MD said the company also plans to double its pipeline network through a public private partnership (PPP) module.
“the firm is planning to partner with private investors to build about 360 km additional pipeline network at a cost of circa US$400 million” Edwin Provencal said in Nairobi, Kenya.
“We are going to float a competitive tender bid in the last quarter of this year. Actual construction of the pipeline is set to begin and will be completed after 24 to 36 months”.
BOST was acknowledged for the most transformed public enterprise in Africa.
The APSCA awards seeks to acknowledged excellence in public policy innovation and outstanding leadership across various levels of governance.
