Sierra Leone will soon benefit from foreign investments to the sum of eighty million euros, according to Leo Van Gaster from Aeolus Associated and Fred Nederlof of Lion Geart Foundation, Sierra Leone, as they work in partnership with Nassit.
Addressing journalists yesterday at Nassit’s headquarter in Freetown, Leo Van Gaster from Aeolus Associated in Holland said, they have discussed with other partners like Nassit and Lion Heart Foundation, Sierra Leone to get a Bio-fuel plant. They have also agreed with the partners to get a company to build a number of projects and the first project, he said, will be on bio-fuel. ‘Feasibility studies would be done to get a project of that nature that cost 70 to 80 million euros’, he said.
The plant expected to be in the Lokomasama area is to cover four hundred hectares of land and to also employ over fifteen thousand people. Also, electricity will be provided to the entire area where the project is expected to cover. Leo Van Gaster from Aeolus Associated in Holland is grateful that the government has approved their plans for such an investment.
For his part, Fred Nederlof of Lion Heart foundation, Sierra Leone said his foundation has been in operation in Sierra Leone since 2006 through the establishment of the Magbenteh hospital in Makeni. He said he has come in partnership with Aeolus Associated to generate alternative increase for the hospital. The project, he said will, be in a position to create employment facilities for Sierra Leoneans and that, the proceeds from such project will be used to support more hospitals and schools as well as other areas. ‘It is a business but also a social project’, he said. Gibril Saccoh, Deputy Director-General, Membership and Finance of Nassit said, they will be signing a Memorandum of Understanding on what should be done next as they would have to establish a company between Nassit and the other investors.
Nassit, he said will be dealing with activities around the feasibility study until banking aspects are concluded with the two investors. “We are involved in the planning and implementation of the project and also in the establishment of the project”, he said.
Aeolus Associated will be providing the money for the investment, while Lion Heart Foundation, Sierra Leone will be dealing with hospitals. The company is to be named, Aeolus Sierra Leone Limited