Liberia and Ivanhoe Atlantic Sign $1.8 Billion Deal for Railway

Liberia and Ivanhoe Atlantic Inc. have signed a $1.8 billion agreement that’ll allow the US mining company to rehabilitate and use the country’s railway infrastructure to transport iron ore from neighboring Guinea for export.

“This deal is a crucial step toward President Boakai’s objectives of developing Liberia’s multi-user rail policy and securing new international investment,” the US Embassy in Liberia said in a statement on its Facebook page.