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Sierra Leone News: Holland-Shipyards to launch 1st floating dock in 2019

Holland-Shipyards Sierra Leone Limited, with its development partners has officially launched its first domestically manufactured floating dock in Sierra Leone. The project is estimated to cost € 1 million EUR that will serve the synergy to invest on a new floating barge. The Strategic Director of Holland-Shipyards, Simon Seisay, presented the investment package before the Parliamentary Oversight Committee on Labour and Industrial Relations, Chaired by Honourable Saidu Barbah Kamara in Committee Room 2 at Parliament in Freetown. He maintained when the investment is launched, it will provide employment and a healthy tax revenue for the government. He further entreated the Committee that such capital investment aimed at making Sierra Leone a preferred ship building and repairs gateway in the west African region and beyond within the shortest possible time due to it strategic location. Seisay continued calling on the government to maintain its business friendly environment that will attract genuine productive foreign investors into the country. “The coming in of foreign investors will enhance economic growth and development especially in the maritime sector, he said. He is determined to capacitate and create more employment for Sierra Leoneans, bring new technology and expertise into the country. The investment will include the reconstruction and refurbishment of the current shipyard at Cline Town, create about 300 jobs inclusive external contractors, subsidiaries and service providers, corporate tax payments, operation and administration outlay of €3 million and established a suitable crane reach truck and other transport items on yard. According to him the investment will further create the opportunities for repairs and strengthen eroded parts of quayside and improve electrical power capacity by means of extra generators. “We will work in line with the line Ministries to improve the tug boats and ferries for Sierra Leone Ports and Harbors Ferry Company, Coast Guards, Sierra Leone Maritime Authority and Ministry of Fisheries and several mining corporations,” he said. The Committee members expressed appreciation for the proposed investment as a way of improving the shipbuilding sector and creating jobs for the youths that will increase of the country’s tax base. Speaking to some of the community people within the Kanikay community about the proposed project, they maintained over the years there was a repair facility for ferries and other boats at the same compound but at a manual and substandard level. They disclosed with the coming of Holland-Shipyards there has been remarkable improvement.

AMK/26/9/18

By Alhaji Manika Kamara

Thursday September 27, 2018.

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