Sierra Leone, China sign raft of deals worth $6bn deals
May 14, 2013
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.