Ellen Submits US$17M Loan Agreement for Gbarnga-Salayea Road - News Summed Up

Ellen Submits US$17M Loan Agreement for Gbarnga-Salayea Road


The Senate at its 61st day sitting yesterday received from President Ellen Johnson Sirleaf a request to ratify a loan agreement for the Gbarnga-Salayea Road Project between Liberia and Kuwait Fund for Arab Economic Development. President Sirleaf’s communication, dated October 6, noted that the agreement was signed on March 21, 2016, and is in the amount equivalent to US17 million. The Ministry of Public Works shall be entrusted with carrying out the execution and maintenance of the project, the letter said. “Honorable President Pro-Tempore, this project is significant to our Economic Stabilization and Recovery Plan, and I trust that the Legislature will ratify this agreement in a timely manner,” the President concluded. The communication was sent to the Senate Committees on Ways, Means, Finance and Budget, and Foreign Affairs to report to plenary within a week.


Source: Daily Observer October 25, 2017 02:35 UTC



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