Sierra Leone and China have signed an agreement to implement multiple projects worth over $6 billion mainly in the mining and industrial sectors of the post-conflict nation.

The Memorandum of Understanding was signed by Sierra Leone`s Minister of Mines and Mineral Resources and the head of the China Kingho Energy Group Company.

The Chinese company will undertake a number of infrastructural development works, including construction of a railway and port.

 

A new 250km railway will be built running from the northern town of Maburaka to Pujehun in the south of the country, estimated at $1.74 billion.

This will be the second railway construction project in Sierra Leone within the last one decade, after the end of its 11-year destructive war.

Iron ore miner, African Minerals Ltd, in collaboration with another Chinese construction company, built a 150-km railway line which primarily transports raw ore to a specially constructed port in the north of the country for export.

Other components of the $6 billion projects include road construction, a Mine Development Project, power, transport and logistics facilities, as well as an industrial park.

 http://www.africareview.com/Business—Finance/Sierra-Leone-and-China-signs-mining-deals/-/979184/1852220/-/ks6j0c/-/index.html

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