HarbourHarbourOverview of Sierra Leone

Freetown is in desperate need of a new Harbour

No place exists for fishing vessels to unload

One private facility owned by Sierra Fisheries is fully utilisedOne private facility owned by Sierra Fisheries is fully utilised

With no unloading space there can be no onshore processing

Sierra Leone receives little share of the value of its fishery, only low

license fees, no export value, shore employment or business

development

In a managed fishery a gross margin on processing of US$ 25

million may be achievable increasing to US$ 55 million by year 5

The proposed new Harbour site is in Kissy

All possible water front sites

in Freetown already

developed

The new Harbour will

therefore be built on

reclaimed land

Site selected adjacent to

existing fish landing site with

protection from wave action

Access to road network and

water

This is close to the existing private harbour

Existing

private

harbour

This is close to the existing private harbour

Proposed

new site

(built on

reclaimed reclaimed

land)

There is also potential for a boatyard

Potential

additional

boatyard for

vessel

construction

and

maintenance

Phase I of the Harbour Project

Fisheries Quay – will serve as the main unloading quay for fresh

fish destined for both local and export markets and will include

processing facilities

Transhipment Quay - will serve as a direct transhipment quay for Transhipment Quay - will serve as a direct transhipment quay for

frozen products destined for the export market. Some of these

products will require temporary cold storage facilities

Reefer Quay – to enable the largest reefers to ultimately call at the

terminal. Phase I will have a berth of 100m to be extended to

200m in Phase II

Port Administration Buildings – to include all buildings needed to

run the port (6 in total) plus one factory unit shell

Estimated cost of proposed Harbour Phase 1

Project Investment Funds (Phase I of Harbour Project) Cost (US$ ,000)

Design and Supervision 730

Port Infrastructure 8,015

Buildings 2,964

Utilities and Services 950

Total Estimate 13,000

Potential PPP investment optionsCold StorageCold Storage Ice ProductionIce Production

Rental of cold storage

space

Bonded store for

Sale to fishing vessels

Sale to processing

plants

Fish ProcessingFish Processing Vessel construction and maintenanceVessel construction and maintenance

Bonded store for

exports

Purchase and

processing of marine

products for export

plants

Construction of new

fishing craft

Maintenance of

fishing and patrol

craft

Estimated cost of PPP opportunities

PPP Initiatives Cost (US$ ,000)

Fish Processing Units 250 – 750

Cold Storage (5,000 tonnes) 1,100

Ice Production (50 tonnes per day) 415

Standby Power 500

Boat Yard for Building and Maintenance 2,000

Total Estimate 4,250

Projected 1st year margins of fishery = $25mSpecies Yield

(tonnes)

Ex Vessel

Value ($/

tonne)

Export

Factor

Total Ex

Vessel

Value ($k)

Export

value ($/

tonne)

Total

Export

Value ($k)

Small pelagics 20,000 500 1.5 10,000 750 15,000Small pelagics 20,000 500 1.5 10,000 750 15,000

Tuna 3,000 1,200 3 3,600 3,600 10,800

Crustacea 1,500 3,000 1.5 4,500 4,500 6,750

Cephalopods 2,000 2,000 2 4,000 4,000 8,000

Shrimp 1,000 2,500 2 2,500 4,500 5,000

Demersals 2,000 2,000 2 4,000 4,000 8,000

Total 28,600 53,550

Gross Margin from port fish processing operations 24,950