President Ellen Johnson Sirleaf has submitted to the Liberian Senate an instrument for the ratification of the Loan Agreement for the Port of Greenville Rehabilitation Project, between the National Port Authority and the Kuwait Fund for Arab Development.
In a communication to the President Pro-Tempore of the Liberian Senate, M. Gbehzongar Findley, President Sirleaf said the ultimate goal of the project is to support economic activities in the southern region of Liberia, and meet the increasing demand to ship and export products from the region.
She said the project involved, among other things, rehabilitation work required to fully reopen the port, ship wreck removal, construction of the port road, container yard, shore line fence, rehabilitation of the port buildings and utility network.
According to the Liberia News Agency, the President said the project also includes procurement of marine craft and cargo handling equipment, consultancy services for design and supervision of the civil works and institutional support.
President Sirleaf disclosed that the amount for the project is about US$14 million, and that the project is expected to be completed by May 2016.
She emphasized that the projects aims to bolster economic activities along the southeastern region corridor of Liberia, thereby contributing to the economic and social development of the country; and said it is prudent that the Liberian Senate rectifies the bill.
Following the reading of the communication by the Secretary of the Senate, the Senators unanimously agreed that it be sent to the relevant committee for appropriate action.