Deal #3430 Version #60900

Some sources say 30,000ha only. The Rubber project for first phase will be cultivated on 30,000ha of land and they will build one processing plant to produce 600,000 tons of Rubber every year. The Rubber Nurseries amount to 28,000ha and 8,911 people will be employed. For the Rice project, the first phase cultivation will be 5,000ha of land and also the Chinese will build a processing plant or mill to produce 40,000 tons of rice per year. A total of 1,122 People will be employed. As of mid-2015 no land has been obtained. The Ministry of Agriculture are confident that the project will be successful.

The deal is likely to catapult Sierra Leone into a leading position in the rubber production index for Africa. 100,000 hectares of rubber plantation and 35,000 hectares of irrigated rice field

MoU (build and operate) signed in 2012 (another source states 2013). One data source states that the company has completed the establishment of the joint venture. Green Scenery (2015) states that the project is still intended.

$1.2 billion investment

The government will provide the land in exchange for a 10% share in the operation. projected revenue to government assessed at between $ 50-100 million. Customs duty for the company equipment and machinery will be imported free of any duty and taxes.