23 November 2012

Liberia, China Sign U.S.$15 Million Agreement

The Governments of the Republic of Liberia and the People's Republic of China have signed an Economic and Technical Cooperation Agreement whereby the latter will provide Liberia approximately US$15 million.

According to a release, Foreign Minister Augustine Kpehe Ngafuan and China's Ambassador to Liberia, Zhao Jianhua signed on behalf of their respective countries during the brief ceremony held at the Ministry of Foreign Affairs on Capitol Hill.

The US$15 million, according to Chinese Ambassador Zhao, is meant to finance projects both the Liberian and Chinese governments have agreed upon, primarily the Ministerial Complex, the Monrovia Vocational Training Center (MVTC) expansion project and possibly the National Legislature Annexes, among others.

Foreign Minister Ngafuan, on behalf of President Ellen Johnson Sirleaf, thanked the Chinese Government for the assistance.

"Through these initiatives, we are delivering on the expectations of our people", the Foreign Minister noted.

Earlier, Chinese Ambassador Zhao who expressed delight over the agreement remarked that Liberia, under the leadership of President Ellen Johnson Sirleaf, has made significant and comprehensive achievements on its way to recovery and reconstruction as the country enters its phase of transformation.

Ambassador Zhao stated: "It is yet another demonstration of China's support to the Liberian government and peoples to move it forward in the areas of economic and social development. It also demonstrates our confidence in Liberia's future."

The Chinese diplomat remarked that by signing the document and providing such assistance, it is China's way of expressing its appreciation of Liberia's friendly cooperation with China.

He then promised China's continual aid to Liberia as a good friend and good partner.

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