Sierra Leone rail investment

摘要

China Kingho Energy Group has signed an agreement with the Sierra Leone government to invest US$6B-10B in the West African state. Half of the money will be used to develop iron ore mines on two concessions in Tonkolili District, plus an associated 350 MW power plant. A total of US$1.74B will be used to construct a 250 km railway from Tonkolili to the coastal town of Sulima. The remainder will fund development of a new port at Sulima to handle mining industry exports. It is not known whether the railway and port will be opened up for common users or dedicated to China Kingho freight. Sierra Leone's ambassador to China, Victor Foh, said the infrastructure would come into operation in 2017.