26 February 2013

Liberia: NPA Generates U.S.$26 Million

National Port Authority (NPA) has disclosed that US$26 million was generated as revenue in 2012.

Managing Director Matilda Parker said the amount was generated as a result of the expansion of the ports of Monrovia, Greenville, Harper and Buchanan through the dredging exercise early last year.

She said plans are underway for new piers to be constructed to handle vessel traffic across the country.

Madam Parker added that more lights would be purchased for the ports to enable vessels dock during night hours.

Commenting on the dredging of the ports, she narrated that the Port of Monrovia was dredged up to 12 meters, while the Ports of Buchanan, Greenville, Harper were dredged up to 14 meters, nine meters and five meters respectively.

She projected revenue of US$77 million by 2016 because, according to her, more vessels would dock at the various ports.

Explaining about the progress made over the years, she recalled that four concessions including China Union, Western Cluster, Firestone and APM Terminals have occupied 85 percent of the port of Monrovia land while the management only maintains four percent.

She told reporters that vessel traffic at the Port of Monrovia has reduced from 97 to 67 percent.

This, she attributed to the dredging of the Ports of Buchanan and Greenville. She said vessel traffic at the Port of Monrovia now stands at 67 percent, Buchanan Port 21 percent and the Port of Greenville, seven percent.

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