Strategy

At a cost of 1.4 billion U.S. dollars, Sierra Leone builds a new seaport

Seetao 2020-07-10
  • The $1.4 billion seaport project will also involve the construction of supporting infrastructure

The Republic of Sierra Leone will build a new harbour in the village of Niti in the Bonthe district of the southern province of West Africa.

The President of the President's Infrastructure Program, Dr. John Tambi, said the project has entered an advanced stage. So far, the relevant location has been determined and the preliminary feasibility study has been completed. A feasibility study conducted by Qiang Holdings Financial Group to explore port design and investment information services that will be integrated with industrial development in the region.

"In addition, investors have expressed interest in the project, and we are now in the contract agreement stage. According to this step, we can start the actual implementation of the project by 2020."

Complementary harbour infrastructure

The President of the President’s Infrastructure Program stated that the US$1.4 billion seaport project will also involve the construction of supporting infrastructure, such as multi-asset-based logistics and industrial free trade zones.

According to Dr. Tambi, government companies located in the coastal countries of southwestern West Africa will not spend a penny on the development of the project because it allows private investors to bear 100% of the development costs.

President Biot established the Presidential Infrastructure Plan in 2018 shortly after taking office. The mission of the plan is to plan, design and implement strategic and transformative infrastructure projects that will use innovative financing methods (including attracting developers) across all areas. It is directly supervised by the president’s office. Editor/Huang Lijun

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