Kingho Port and Rail Company, a subsidiary company to Leone Rock Metal Group (LRMG), has invested over US$150M to upgrade and reconstruct the Railway and Port facilities to international standard in Sierra Leone.
During the launch of Kingho Railway and Port (KRP) at Pepel in April this year, a subsidiary company of the Leone Rock Metal Group (LRMG) it has been disclosed that a total investment of US$153M for the Upgrade and Reconstruction Project of Railway and Port operations to international standards at Pepel in the Port Loko District by the company.
The launch attracted key stakeholders from the government of Sierra Leone and the people’s republic of china government marking the significance of the investment that will contribute to job creation and economic growth in the country.
LRMG and its subsidiary companies continue to make history in the mining industry under the visionary leadership of President Julius Maada Bio for modernization and expansion in the mining sector in the interest of the country.
The question many right thinking Sierra Leoneans are asking, why could we ignore or abandon a company which has manifested many tangible investments potentials benefiting the people and country presently for another company which investments potentials are through media hype and invisible.
“I am here representing the Government and people of Sierra Leone and I am pleased with the company’s strategic plan to expand the Rail and Port so that other users can have access and work collaboratively with LRMG,” government representative averred.
He further stated that mining is very vital and as a Government, they will support LRMG to improve the shipping capacity of the Port and reconstruction of the Rail.
“We are happy with the investment, we are ready to collaborate with the company to boost the mining sector in Sierra Leone. These improvements will lead to increased opportunities for locals to access better facilities and services, as well as the possible expansion of tourism; all of this will result in a positive multiplier and feedback effect, which leads to further strengthening of the economic landscape” he said.
The government representative concluded by thanking LRMG for their immense support towards complementing Government’s vision and growth pace as it correlates with how mining communities and sectors can significantly benefit from the company’s operations.
He also commended LRMG for signing an MOU with CTC which indicates the company’s support to third users of the Rail and Port as he informed the audience of Government’s vision to work with LRMG to establish a hub for mineral exports in the country.