26 February 2014

Liberia: President Sirleaf Presses for Passage of Kuwait Loan Deal

Monrovia — President Ellen Johnson Sirleaf has written the Legislature to ratify the loan agreement between the Port of Greenville and the Kuwait Arab Economic Development barely two weeks after the appointment of her son as special envoy to the Arab nation to lead government negotiation efforts on petroleum product.

The US$14 Million project involves the rehabilitation works required to fully re-open the port of Greenville, shipwreck removal, construction of the port, roads, container yard and shoreline fence, according to the President in a communication to the legislature.

The President told lawmakers that the project will also include service boat ramp, rehabilitation of the port buildings and utility networks, and the installation of security system and navigational aid.

The project is also expected to include the procurement of marine's crafts and Cargo handling equipment consultancy service for the design and supervision of the civil works and institutional support.

"In view of the above and with the aim of bolstering economic activities along the southeastern corridor of Liberia, thereby contributing to the economic and social development of our nation, I ask for ratification of the loan agreement," stated President Sirleaf in the letter dated February 17, 2014 and addressed to the House of Representatives in session.


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