STATEMENT BY H.E. DR ERNEST BAI KOROMA AT THE OPENING CEREMONY OF CHINA CIVIL ENGINEERING CONSTRUN COMPANY (CCECC-SL) DREAM ATLANTIC GARDEN VILLA PHASE 1 LUMLEY BEACH 11 NOVEMBER 2016

Mr. Chairman, Ministers of Government, Members of Parliament, Your Excellency the Ambassador of the People’s Republic of China, Vice President of China Civil Engineering Construction Corporation Mr. Zhang Wenjin, members of the Fourth Estate, distinguished ladies and gentlemen, good afternoon.

Today’s commissioning of the CCECC-SL Dream Atlantic Garden Villa Phase 1, marks a remarkable moment in the recent history of real estate development in Sierra Leone. This landmark development serves several purposes. First, it will provide housing for certain segments of the market whose requirements are captured in the design and development features of the estate.

Second, it will send a symbolic message that residential estate development of international standards can be done in Sierra Leone.

And very importantly, this investment by foreign private interest reinforces our strong message to all well-meaning investors that Sierra Leone is an investment destination and ready for business.

The location of the estate along one of our most popular and exotic beaches, much as it resonates with my avowed determination to develop Sierra Leone’s infrastructure, is also a welcome and towering boost to my Government’s efforts to making Sierra Leone an attractive tourist destination.

Distinguished ladies and gentlemen, My Government recognizes the provision of affordable housing as a fundamental responsibility we must bear, we also recognise the huge demand for affordable housing especially in Freetown and we recognise the need for my government to continue to support this type of initiative and partnerships in fulfilling that obligation.

But distinguished ladies and gentlemen, it is important to note that the demand for social housing cannot be fully addressed by Government alone. This is why we have been working assiduously to improve the investment environment, to attract private interests and to seek public private partnerships in order to expand the opportunities in the housing sector.

My government will continue steadily on this path and on the path of building new roads that will provide access to new areas. We will continue to expand on the coverage of electricity and water supply to encourage similar investments and to improve the general condition of living of our citizens.

For the past decade, the economic cooperation between Sierra Leone and China has been active, providing the platform on which more and more Chinese enterprises are participating in our economic development. While I applaud your consistent support to my Government’s development agenda, let me also encourage the management of CCECC to consider further investment in middle and low class housing across the country. Whether it is going to be an entire private investment or a public- private venture, I would like to assure you of my Government’s full support.

Today, with the commissioning of this facility, we have demonstrated how investors can work with Government to achieve sustainable results. I am confident that this facility, which has clearly given a facelift to this part of the Lumley Beach front will continue to provide employment for Sierra Leoneans at various level including at management level; that it will be a viable part of our tourism sector and that it will serve as a blueprint others will emulate.

Distinguished ladies and gentlemen, while I look forward to the second phase, it is now my honour to commission the phase 1 of the “Dream Atlantic Villa”.

Thank you all for your attention.

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