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The project is expected to generate $2 billion in government revenue for Guinea-Conakry and create more than 1,500 construction jobs and 1,100 operational roles.
The 600 km railway now links the Simandou iron ore deposit to the Atlantic port of Moribayah.
Guinea-Conakry’s bauxite exports have rose by 39% year-on-year to reach 48.6 million tons.
The acquisition seeks to support community transport as part of Guinea-Conakry’s railway infrastructure sharing initiative.
The heads of state of Ivory Coast and Guinea-Conakry have announced plans to increase cooperation in the areas of mining, energy and transportation.
Guinea-Conakry has completed a 903m tunnel for the Simandou railway, advancing the Transguinean Railway project.
The bill ratifies a credit agreement between Afreximbank and Banque Vistagui.
The project represents a significant step in Guinea’s broader strategy to tap into its estimated 6,000 MW hydropower potential.
The plant will supply power for mining operations at the Simandou iron ore project.
The first iron ore shipment is expected to reach the new deepwater port in November.
