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Sierra Leone cancels $300 million airport deal with China | The Philadelphia Tribune

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Sierra Leone cancels $300 million airport deal with China | The Philadelphia Tribune



[dropcap]The[/dropcap] mega project, which was due to be completed in 2022, had been commissioned by the previous president, Ernest Bai Koroma, in March. [mc4wp_form id=”6042″]

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.

“After serious consideration and diligence, it is the government’s view that [it] is uneconomical to proceed with the construction of the new airport when the existing one is grossly under utilized,” said a letter from the country’s Transport and Aviation Ministry to the project’s director, published in local media.