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The Government of Sierra Leone (GoSL) has announced the ‘mutual’ cancellation of the Port and Rail Agreement with ARISE IIP.
The decision was made due to the failure to meet the condition precedents and ARISE’s refusal to waive their rights to those precedents. Consequently, the Arise agreement was terminated effective July 9, 2023, as indicated by the Attorney General.
The Ministry of Transport also revealed plans to establish a regulatory agency for rail and port operations.
The Cabinet officially terminated the ARISE Lease Agreement on October 25, 2023, and approved a new proposed Lease Agreement negotiated between the GoSL and Kingho Railway and Port Company.
More details later…
There goes Bio again. This was predicted. The Chinese govt wanted the lease to go to Kingho and was pressuring the govt through the supposed Lungi bridge negotiations. Those negotiations were not going anywhere unless this was done. Lae God sorry for we
I think it is premature to speculate and jump to hasty conclusions based on what this online newspaper reported. A objective will want to know the facts of this matter. But our foremost interest is, is the action of the government in the best interest of the Sierra Leone? If yes, then it doesnt matter which institution is contracted to mine and manage the rail and port services.