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Simandou mega-project moves into higher gear

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From left to right: Bocar Ly, Senior Advisor to the President of the Republic of Guinea; Thibaut Lepingle, Managing Director of Setec International; Régis Dumay, Deputy Managing Director of Egis; Djiba Diakité, Minister, Director of the President's Cabinet and Chairman of the Simandou Project Strategic Committee; Arnaud de Rugy, Director of Egis Africa.

Simandou mega-project moves into higher gear  

With the signing of a contract between the government of Guinea and global engineering, consulting and construction company Egis yesterday, the Simandou mega iron ore project close to Conakry in Guinea, is another step closer to reality.    

Egis announced the signature of the contract with the Guinean government to act as technical advisor for the construction of the Simandou mega mining project’s infrastructure yesterday.

Located 550 kilometers southeast of Conakry, the Simandou project includes the construction of a 650km railway line (the Transguinean) and port facilities, in addition to the mega iron ore mine.

The Simandou iron ore deposit, one of the largest in the world, is expected to generate approximately USD7.5-billion in annual revenues and increase Guinea’s annual GDP by USD5.6-billion. The 26-month contract signed between the Republic of Guinea and Egis will enable Guinea to complete this key project for its economic development, while respecting the strictest technical, environmental, and good governance criteria.

The overall annual fiscal contribution of Simandou is estimated to reach more than USD1.5-billion. It is also estimated that the project will create close to 10,000 direct jobs (and more than 100,000 induced jobs) and the use of more than 3,500 local subcontractors. The development of the Transguinean will boost economic development along the corridor and open up the Guinée Forestière region.

Unique socio-economic development (Simandou mega-project moves into higher gear)

For Egis, this project represents an important step in its commitment to sustainable development in Africa, in line with its mission to contribute to the well-being of local populations. This is a unique socio-economic development project for Guinea, which will generate both short and long-term benefits that will have a lasting impact on the country.

According to Régis Dumay, Executive Director of Transport and Territories at Egis Group the Simandou project will mobilise all of the company’s expertise for Guinea and the Guineans.

“We are aware of the huge expectations linked to this structural project for the country, both in terms of economic benefits and respect for social and environmental matters. We are determined to meet this challenge,” says Dumay.

Simandou mega-project moves into higher gear

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AgricultureEnvironmental Management & Climate ChangeEnergyESGInfrastructureMiningPolitical EconomyTourism and ConservationWater Management