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Wednesday, February 1, 2023

China to construct Regent to Hill Station Road

HomeAYV NewsChina to construct Regent to Hill Station Road

China to construct Regent to Hill Station Road

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“With this link road, directly connecting to the Regent Youyi Road and the Wellington-Masiaka Highway, it will only take around half an hour to travel from Mamamah New Airport to Hill Station in Freetown town.
He said this road is one project Sierra Leone will benefit from the $60 million announced by President Xi Jinping during the 6th Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) held in South Africa in December 2015.
“On behalf of the Chinese government, President Xi Jinping announced at the summit to upgrade the new type of China-Africa strategic partnership to a comprehensive strategic and cooperative partnership and to implement ten cooperation plans on industrialization, agricultural modernization, infrastructure development and public health with African countries.”
The Economic Counselor said to ensure the successful implementation of these ten cooperation plans, China decided to provide a total of USD60 billion funding support, which includes USD5 billion of grant and interest-free loans, USD35 billion of loans of preferential nature with more favorable terms and export credit line, an increase of USD5 billion to the China-Africa Development Fund, the special loan for the development of African SMEs respectively, and establishing the China-Africa Fund for Production Capacity Cooperation with an initial contribution of USD10 billion.
Sierra Leone he said could benefit from the above USD60 billion funding support. The Economic and Commercial Counselor of the Chinese Embassy in Freetown, Mr. Shen Xiaokai, also disclosed in an exclusive interview with this medium that besides the well-known projects such as the National Stadium, the Youyi Building, the Mange Kambia bridges, the New Building for Ministry of Foreign Affairs, the Regent Youyi Road, etc., China is now planning to support Sierra Leone in other areas of infrastructural development.

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