Sierra Leone announces the construction of a $1.4 million seaport.
The facility, which will be located near the village of Niti on the island of Bonthe, around 150 km south of Freetown, will incorporate an industrial free trade zone. The feasibility study, completed in December 2019, was carried out by Strong Hold Finance Group.
According to Tambi, investors have already expressed interest in the project, and “we are now moving to the contractual agreement stage and I am confident that we can start the project this year.” The official noted that the project is valued at $1.4 billion and will be carried out as a public-private partnership. The Sierra Leone government will retain at least 25% of the capital of the port and associated facilities.
The IIP was created in 2018 by President Bio, shortly after he took office. The initiative's mandate is to plan, design and implement strategic and transformative infrastructure projects covering all sectors, using innovative financing methods. It is directly supervised by the Office of the President.
Romuald Ngueyap
