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$476M Investment in Port and Rail: ARISE IIP brings new hope

HomeAYV News$476M Investment in Port and Rail: ARISE IIP brings new hope

$476M Investment in Port and Rail: ARISE IIP brings new hope

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Guest Writer February 1, 2023

With its investment of $476 million in Sierra Leone’s port and rail facilities, ARISE Integrated Industrial Platforms (ARISE IIP) brings a bright future to Sierra Leone.

The funds will be used for the refurbishment of the Pepel-Tonkolili railway, Pepel Port, railway connectivity to Marampa Mines, passenger railway services, and a rail connection to Guinea.

This company, with its experience and knowledge in investing in Africa, will bring much-needed job opportunities to a country where unemployment continues to rise, and help to unlock the potential of Sierra Leone’s rich land and mineral resources.

ARISE IIP will provide a respite from the exploitation of previous companies, with the government leasing the Pepel Port and railway to them.

Minister of Mines and Mineral Resources, Timothy Kabba sees this agreement as part of a major reform of the mining sector, opening up opportunities for more players to have a stake.

Sierra Leoneans believe that credible investment in the mining sector is key to moving their country from poverty to prosperity.

ARISE IIP’s agreement to manage the port and the railroad will bring a shift from monopoly to accessibility, promoting local industries, trade, and commerce.

With the potential to create over 10,000 jobs, this deal is expected to have a positive impact on the youth population and reduce crime.

ARISE IIP has a strong presence in several African countries, and its partnerships will bring benefits to Sierra Leone.

The lease provides a 10% free carry to the government of Sierra Leone and access to rail and port facilities for other bulk mineral producers in the Northern Corridor. Communities, including local landowners, welcome this investment that promises to improve their lives.

ARISE IIP’s public-private partnership with the Gabonese government for the Gabon Special Economic Zone shows its commitment to sustainable development.

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