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group Sierra Leone cancels $300 million airport deal with China

Sierra Leone has nixed plans to build a controversial, $318 million airport outside the capital of Freetown with a Chinese company and funded by Chinese loans.

The mega project, which was due to be completed in 2022, had been commissioned by the previous president Ernest Bai Koroma in March this year.

Its cancellation comes amid cooling enthusiasm in both Pakistan and Malaysia for Chinese loans backing large-scale infrastructure projects in recent months. 
But Sierra Leone's decision is the first time an African government has canceled an already announced, major China-backed deal.

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business Business (Media) 0 Interested 0 reactions · 0 shares · visibility 3569 · · REPORT Posted 12 Days ago · 11 October 2018 09:08 · News and Politics · Published
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