Sierra Leone has nixed plans to build a controversial, $318 million airport outside the capital of Freetown with a Chinese company and funded by Chinese loans.The mega project, which was due to be completed in 2022, had been commissioned by the previous president Ernest Bai Koroma in March this year.

Its cancellation comes amid cooling enthusiasm in both Pakistan and Malaysia for Chinese loans backing large-scale infrastructure projects in recent months. But Sierra Leone's decision is the first time an African government has cancelled an already announced, major China-backed deal.

"After serious consideration and diligence, it is the Government's view that (it) is uneconomical to proceed with the construction of the new airport when the existing one is grossly under utilized," said a letter from the country's Minister of Transport and Aviation to the project's director, published in local media. Speaking to the BBC on Wednesday 10th October, Sierra Leone's Aviation Minister Kabineh Kallon said the current airport would be renovated instead.

The Mamamah International Airport deal had been controversial for years, partly due to the "lack of transparency" about its terms.

Sierra Leone will now upgrade its current airport in the town of Lungi, which has been criticised for its poor connectivity to the capital. Lungi is separated from Freetown by an estuary, which means a ferry ride is necessary to reach the city.The government is reportedly considering building a bridge to link the airport to Freetown.

Collectively, African countries owe China about $130 billion, according to the China-Africa Research Initiative, money which has mainly been used to fund transport, power and mining projects.

In August, 16 United States senators warned their government, in a letter to Treasury Secretary Steven Mnuchin and Secretary of State Mike Pompeo, that "predatory Chinese infrastructure financing" was creating unsustainable levels of debt in the developing world, which the IMF was having to bail out.

Culled from: https://edition.cnn.com/2018/10/11/africa/china-africa-sierra-leone-airport-intl/index.html

vivaciousvivi:
Sierra Leone has nixed plans to build a controversial, $318 million airport outside the capital of Freetown with a Chinese company and funded by Chinese loans.The mega project, which was due to be completed in 2022, had been commissioned by the previous president Ernest Bai Koroma in March this year.

Its cancellation comes amid cooling enthusiasm in both Pakistan and Malaysia for Chinese loans backing large-scale infrastructure projects in recent months. But Sierra Leone's decision is the first time an African government has cancelled an already announced, major China-backed deal.

"After serious consideration and diligence, it is the Government's view that (it) is uneconomical to proceed with the construction of the new airport when the existing one is grossly under utilized," said a letter from the country's Minister of Transport and Aviation to the project's director, published in local media. Speaking to the BBC on Wednesday 10th October, Sierra Leone's Aviation Minister Kabineh Kallon said the current airport would be renovated instead.

The Mamamah International Airport deal had been controversial for years, partly due to the "lack of transparency" about its terms.

Sierra Leone will now upgrade its current airport in the town of Lungi, which has been criticised for its poor connectivity to the capital. Lungi is separated from Freetown by an estuary, which means a ferry ride is necessary to reach the city.The government is reportedly considering building a bridge to link the airport to Freetown.

Collectively, African countries owe China about $130 billion, according to the China-Africa Research Initiative, money which has mainly been used to fund transport, power and mining projects.

In August, 16 United States senators warned their government, in a letter to Treasury Secretary Steven Mnuchin and Secretary of State Mike Pompeo, that "predatory Chinese infrastructure financing" was creating unsustainable levels of debt in the developing world, which the IMF was having to bail out.

Culled from: https://edition.cnn.com/2018/10/11/africa/china-africa-sierra-leone-airport-intl/index.html

How are you viva?

A good one and a lesson for our foreign affairs personnel to convey to their bosses!

https://www.youtube.com/watch?v=8Sr4-fST5bo

Sierra Leone Rejects $318M Loan From China For New Airport

President Julius Maada Bio, who took office in April, has cancelled a loan deal signed by his predecessor for China to build a new $318 million international airport at Mamamah

Horus:

https://www.youtube.com/watch?v=8Sr4-fST5bo

Sierra Leone Rejects $318M Loan From China For New Airport

President Julius Maada Bio, who took office in April, has cancelled a loan deal signed by his predecessor for China to build a new $318 million international airport at Mamamah

they didn't sign contract for more roads, good and affordable houses/schools/hospitals to be built,nah airport dem wan build,how many people dey travel into and out of Sierra Leone

Africa is not cursed to be dependent on developed countries forever. How I wish our leaders can get their acts right and start utilizing resources effectively rather than rushing to Western countries and Asia for grants, loans and aids.

That's a country that has the interest of her people at heart. All Nigeria politicians doesn't mind the usefulness or uselessness of a project. All they are concerned about is the numbers of projects I did while in government and corruption projects.

dominique:
Africa is not cursed to be dependent on developed countries forever. How I wish our leaders can get their acts right and start utilizing resources effectively rather than rushing to Western countries and Asia for grants, loans and aids.

Ma, It jus seems as if ur comment is directed towards a certain lifeless president like dat ooo.......hmmmm i jus wonder who

Following

I am pATIKUlarly OBIdient about this ATIKUlated movement to get Nigeria restructured and working again. Come 2019 let's join hands and give back to Daura what belongs to Daura, and to Nigeria what Nigeria deserves. I rest my case!

Buhari come and learn

Shiorr

Meanwhile somewhere in Nigeria Someone would have GANDUJEed the cash



One day una soup go soon done

Who will build the airport then?

"After serious consideration and diligence, it is the Government's view that (it) is uneconomical to proceed with the construction of the new airport when the existing one is grossly under utilized,"

Enough reason,country that understand and set their priorities right


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Buhari has ear infection, he won't hear

China has plans to recolonize Africa to compete with Trump's USA on power

PMB won't recant on some of the agreements with china cause he's made in China

vivaciousvivi

Now you see why I mentioned a mod?

What have you been up to lately?

Thank God for the airport in bayelsa,you can't imagine the long road trip to PH each time one wants to embark on a trip,we need an airport at the island in Lagos too,going to the mainland is far and tedious.


#foreignBody

renewa29:
A good one and a lesson for our foreign affairs personnel to convey to their bosses!

Shut up!

and buhari collect loan sote he even want to exchange currencies

buhari will not hear. after stealing more than $300m in the name of sharing it to poor Nigerians





the fool went to china to borrow $380m.

but apc southwest chapter say they will die for him. it's aii

How I wish other African Countries will learn from this and set their priorities right and not indebt their countries with loans which the purpose for it is not implemented

oluwasegun007:
is BUBU ON NAIRALAND.....

No....he dey hospital for London