5,000,000), equivalent to US$16,516,002.40 to assist Liberia fund the Gbarnga-Salayea Road Project. The loan agreement was signed between the Liberian Government and the Kuwaiti Fund for Arab Economic Development. The House, at its 69th day sitting on Tuesday, November 21, unanimously voted to approve the financing agreement for the upgrading of the Gbarnga-Salayea road, which has been forwarded to the Senate for concurrence. This funding will adequately complement other funds accrued in agreements mentioned here to successfully undertake this road project,” the report added. It may be recalled that in July, the Senate in its 45th day sitting approved the first loan deal for the Gbarnga-Salayea road project in the amount of US$20M, which subsequently was concurred by the House of Representatives.

Source: Daily Observer November 23, 2017 02:26 UTC