Sierra Leone

Routine management and maintenance of the Bumbuna hydroelectric plant and its transmission line to the city of Freetown are progressing normally. Electrical power generation is being handled in cooperation with the National Power Authority in charge of power distribution in the country.

The contract value, which was originally €10.2 million, has been increased to €26.1 million by way of two addenda signed on November 18, 2011 and December 18, 2013, respectively.

A new contract worth €3.3 million was signed with the Government of Sierra Leone on June 25, 2014, for the installation of a substation in Lunsar.

Similar observations can be made for the "Rehabilitation of 21.2 km of urban town roads" contract for the rehabilitation of several stretches of road in the four major cities of Sierra Leone. With the signing of five new additions to the contract in June and October 2011, March 2012, and October 2013, the value of the project has gone from the original €10.3 million to €30.2 million.

In addition, an addendum to the original contract was signed in 2013 for the rehabilitation of some roads in the Lunsar area, for an additional value of €4.5 million.

Variation Order no.6, worth €5.6 million was signed on September 2, 2014. The total value of the contract comes to about €44.1 million.

The percentage of completion as of December 31, 2014 was 88.1%.

Lastly, a new contract was signed on May 24, 2013 with the Sierra Leone Road Authority for the rehabilitation of 70 km of road as part of the "Sefadu roads rehabilitation project section 1 - Matotoka-Yiye", valued at approximately $30.7 million and funded by the African Development Bank.

The percentage of completion as of December 31, 2014 was 34.1%.