The Kingho Railway and Port (KRP), a subsidiary of the Leone Rock Metal Group (LRMG) on Saturday, 8th April, 2023 Launched the Upgrade and Reconstruction Project of Railway & Port operations
The Railway and Port Operation plays a very important role in the company through the transportation of Iron Ore product from Tonkolili iron ore mine to the Port of Pepel in Port Loko District. The Railway and Port serves as an important component in maintaining and developing the company’s project as well as boosting Sierra Leone’s economy.
The President of Leone Rock Metal Group, thanked the government and the people of Pepel for their continual support to the company, he then stated that the project is beneficial to the government of SL as it will increase Revenue and contribute significantly to the GDP through boom in production and export of bulk mineral commodity, agriculture and construction materials. He informed all present that the Government is responsible for the provision of the collective social goods and services as well as the provision of other social and economic services and in order to meet up with the fire-stated goals and services, the government needs to collect revenues to serve the community by fairly and efficiently collecting taxes and duties. He commented “Successful revenue growth for the country can attract investors or partners which will in turn fulfill government’s redistributive role. Additionally, Revenue from this project can be invested in the physical fabric communities– enhancing the sporting, cultural and educational bonds that bring young people together who may otherwise be engaged in crime”.
The Ambassador to Sierra Leone from the People’s Republic of China, Wang Qing, established that Sierra Leone-China relationship is sustainable and development-oriented. Additionally, he proceeded that the project is a journey of mutual benefits. He continued “This project is a key to a smooth transportation operation, a top priority for LRMG was to invest in the Rail and Port when it was handed over to the company in a dysfunctional state in October 2020. However, LRMG as a forward-thinking company, today officially launched the upgrading and reconstruction project of the Railway and Port is another new investment shown and proven to be crucial in the company and Sierra Leone”.
Dr. Juldeh Jalloh ended by thanking LRMG for their immense support towards complimenting government’s vision and growth pace as it correlated with how mining communities and sector can significantly benefit in 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 informs all of government’s vision to work with LRMG to establish a hub for mineral exports in SL.
The official launch of the Upgrading and Reconstruction project of the Railway and Port with cutting of the ribbon by the Honourable Vice President, Dr. Mohamed Juldeh Jalloh, President LRMG, Chinese Ambassador to SL, CEO LRMG, and other dignitaries present.