The Sierra Leone government has cancelled a Mega Airport construction deal that was to be funded by Chinese loans. While making the announcement, Sierra Leone’s Minister for Transport and Aviation said: “After serious considerations 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.” The minister was speaking to local journalists, this week.
The project that was to be executed by a Chinese construction company is estimated to cost an excess of 300 Million US Dollars and was to be completed in 2022. The project was commissioned by the former head of state, Ernest Bai Koroma; in March this year, 2018. This cancellation comes after the Chinese got criticism overseas and locally, here in Kenya, for inflated loan costs. The Chinese are reportedly in a move to seize Zambia’s Power utility firm for defaulting on a loan facility advanced to the Zambia government. Read full details here:
kenyans on high alert over chinese loans as china seizes zambias power utility firm fordefaulting
The Chinese are currently constructing Multi-billion road and railway (Standard Gauge Rail Way) projects in Kenya.
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