18 December 2012

Liberia: Lawmaker Wants Liberia Borrow U.S.$5 Billion

Bong County Representative George S. Mulbah says he would introduce a legislation that will allow Liberia to borrow up to US$5 billion for road projects across the country.

Representative Mulbah said if the bill is passed by his colleagues, it would give Liberia the needed financial backing to open all roads that will link towns and villages to the main cities in each county.

He said the law will compel Liberia to pay back the borrowed money within 30 years.

Addressing a cross session of Bong County students over the weekend, Representative Mulbah indicated that such amount would buttress the country's national vision 2030 initiative.

The Bong County lawmaker said it is time for series of strategies to be advanced if vision 2030 must be achieved.

He warned that if the interest of the common people is not properly addressed as reflected in the vision 2030 roadmap, the document would be one of several policies being drafted in the country without implementation.

"The interests of the common people must be given serious priority, if they are to make any input in the vision 2030 document implementation. They need to have access to farm to market roads in their various counties," Rep. Mulbah noted.

Although the country's present budget for fiscal year 2012/13 is US$649.72 million, the Bong Representative said the law would supplement the budget to undertake most developmental initiatives.

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