The Plenary session of the House of Representatives Tuesday unanimously passed a joint resolution mandating President George Weah to secure more financing agreements with the primary objective of constructing more roads across Liberia.
Representatives Joseph Momo Mathews Gbarpolu, Thomas Fallah of Montserrado, Francis Saidy Dopoh of River Gee and Beyan Howard of Lofa sponsored the joint resolution endorsed by additional 40 members of the House who were duly seated in session.
The legislature has already approved two loan agreements, which President George Weah signed with Asian and African companies to finance his ambitious road construction projects that target the country’s southeastern region as well as the building of important access roads in Monrovia and other parts.
Totaling US$962.4 million, the loan is intended to pave an aggregate 759 kilometers of road.
Of this amount, US$536.4M is being secured through Eton Financing Limited, while the remaining US$426M comes out of a pre-financing loan agreement between the government and Group EBOMAF, a West African construction outfit.
– Alex Yomah