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STC MD seeks public private partnership for operation



By: Raphael Apetorgbor

The Intercity State Transport Company (STC) will not seek further support from the Social Security and National Insurance Trust (SSNIT) for its operations again, the newly appointed Managing Director, Mr. Samuel Nuamah Donkor has stated.
The state transport firm is however seeking for a Private Public Partnership (PPP) with the private sector to fund its operations in order to turn around the economic woes of the company without the interference of its majority shareholder, SSNIT.
Mr. Nuamah Donkor told the press during it maiden management meeting in Accra that the STC will soon commerce digitizing its ticketing system so that customers can purchase their bus tickets online to avoid the long queues at the yard and thereby reducing congestion at the yard.
“We are interested in getting strategic partners to invest in the company so that we can reconstruct and get in new fleet of buses for our new routes,” he added.
He however noted that many people had proposed the complete privatization of the company, yet government had kept faith with its operations with the hope of transforming it into a viable and vibrant one to complement other private transport companies to provide quality services to the people.
He stated that the company is collaborating with the Driver and Vehicle Licensing Authority (DVLA)to establish a new vehicle testing and examination centre within its Accra yard.
The facility when established will help provide services on day and night basis to customers to reduce traffic and pressure at the DVLA offices.
The company was divested in 1997 under the Divestiture Implementation Programme, and the state pension fund manager, SSNIT, owns 80% as the majority shareholder, with the government of Ghana controlling the remaining 20%.

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