Guma signs letter of intent to develop Guinea-Liberia rail link

MONROVIA – Bronwyn Barnes, President and CEO of US Company High Power Exploration Inc announced the signing of a letter of intent with the Government of Liberia.

The Guma Africa Group Ltd will enter into negotiations to own, design, finance, develop and operate The Liberty Corridor – a brand new multi-user infrastructure corridor connecting Guinea and Liberia.

This will comprise a brand-new world-class rail system connecting Guinea to a brand-new deep-water port at Didia, Liberia. This is an extension of the existing hydropower network from Côte d’Ivoire into the Nimba districts of Liberia and Guinea. There is an upgrade of existing road networks in the Nimba district to all-weather roads. There will be implementation of fibre optic telecommunication cable connecting Liberia to the Nimba district and potentially beyond.

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The President of Liberia, His Excellency Joseph Nyuma Boakai Sr indicated his delight in having this major project with the potential for profound positive impact on the Liberian economy and the region. The project comes less than a month into his term which is good news for the country especially for young people who will have job opportunities.

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“We are happy with the relationship with our American and South African counterparts, especially seeing this Project coming in less than a month into my new administration.”

“We have to prove to our partners that we are serious, accountable and honest, and that corruption will not be a hindrance to this administration,” stated President Boakai.

Guma Africa Group’s Pan African serial entrepreneur and philanthropist Robert Gumede expresses delight in partnering with HPX. “Our resources will transform both Guinea and Liberia’s economies through the development of the Liberty Corridor. It will unlock mining, agriculture and industrialisation of the two countries. There will also be a creation of sustainable jobs. The time for lip service is gone. Our joint partnership with HPX will support Liberia’s long term investment policies,” said Gumede.

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