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Ports Authority requests 50% of funds generated

October 15, 2019

By Ibrahim Tarawallie

port

Deputy General Manager of Ports Authority, Yankuba Askia Bio

The Sierra Leone Ports Authority (SLPA) has appealed to the Ministry of Finance to see how best they could help them have at least 50% of the funds they are paying to the Consolidated Revenue Fund on a yearly basis to carry out planned activities.

Deputy General Manager, Yankuba Askia Bio disclosed at the bilateral budget discussions that every year, they pay Le70billion from concession fee and royalty to the CRF.

“Please let it be known that the Sierra Leone Ports Authority is self-sponsored. We do not receive any subvention from government. We are not getting anything from the funds we generate and we want the finance ministry to help us get 50% of that amount,” he said.

He stated that from 2006 to 2010, the port was referred to as a service port as they were responsible to controlling ports and maritime activities in Sierra Leone, as well as operating port Freetown.

He added that in 2011, it was changed from service to landlord ports after concessions to Freetown Terminal and NSBT, as well as the slipway service that was handed over to the Holland Shipyard.

“At present, we do not have anything we are doing as all the operations is being carried out by private companies. The area where the administrative building is, was concession  by the past government to NSBT. Our aim is to contribute to sustained national economic growth through enhancing ports service and security,” he noted.

He disclosed that government is getting 20% shares from the Freetown Terminal limited.

Bio opined that their budget for the 2020 financial year takes into consideration the concessions to Freetown Terminal and NSBT and the slipway service that was handed over to the Holland Shipyard and the workforce of 312.

He highlighted the jetty and bath rehabilitation and dredging, construction of a new administrative building, enactment of the Ports and Harbor Act and installation of signal signs, including light for the vessels as some of their pressing challenges.