11/10/2023
🇸🇱🇸🇱NO TRUE SIERRA LEONEAN WILL SKIP 🇸🇱🇸🇱..The Government of Sierra Leone last Tuesday signed the Pepel Port and Pepel – Tonkolili Railway Development, Expansion and Management lease agreement with a company called ARISE Integrated Industrial Platforms Ltd.
According to the Minister of Mines and Mineral Resources, Timothy Kabba, this agreement is part of the bigger reforms in the mining sector, where the government intends to open the space for more players to participate.
He furthered that ARISE IIP is a credible company with a reputation for developing and managing infrastructure in Africa. “This agreement is taking a government asset from monopoly to be more accessible” he added. Minister Kabba said that the revival of the mining operation requires significant investment in infrastructure for the country to fully benefit from the growth of its mining output.
This lease agreement will give a 10% free Carry to the Government of Sierra Leone and provide access to rail and port facilities to other bulk mineral producers in the northern corridor.
The project will expand economic activities by providing jobs for Sierra Leoneans and enable passengers’ locomotion from Tonkolili through Bombali to the Port Loko district.
