The Bulk Oil Storage and Transportation (BOST) is set to establish ultra-modern Liquefied Petroleum Gas (LPG) storage facilities in four cities across the country.
The multi-million United States Dollar project would be located at Tema, Kumasi, Takoradi, and Buipe and it is going to be a Build, Operate and Transfer (BOT) project.
BOST has already done all the necessary studies on the project and would invite potential investors through competitive bidding in the coming months.
The project falls under the current management well-designed plans to make transportation of products more convenient.
With the project, the dangers associated with the transportation of LPG across the country would be reduced to the lowest level.
A top official of BOST, who doesn’t want to be named, said that the LPG storage project was very crucial and dear to both management and board of BOST.
According to him, the current management of BOST under Mr. George Mensah Okley, would make sure that the right investor is engaged to ensure the success of the project.
He said: “BOST is presently running on serious and well-orchestrated plans to enable it to play a unique and crucial role in the storage and transportation of bulk oil.”
“For now BOST is track to roll out projects that will inure to the benefit of the whole country because both management and board are poised to do things in a diligent manner,” he said.
BOST is one of the strategic state institutions in the oil supply chain and has seen its fair share of ups and downs.
However, there are clear pointers that the present management and board are poised to change the status quo to see better BOST than it used to be.