Gov’t Reviews Major Concession Contracts
The Liberian Government says it is presently re-evaluating 11 major concession agreements which it has earlier entered into to accrue maximum benefit for its people.
National Investment Commission Chairman, O. Natty B. Davis told a cabinet meeting last Wednesday that the contracts being re-evaluated includes the Western Cluster, China Union, Putu Mining Company, Salala Rubber Corporation, and the Liberia Agricultural Corporation (LAC).
Cabinet Director Dr. Momo Rogers that news of the ongoing agreements with the Liberia Cocoa Corporation (LCC), a new concession owned by Liberians was a welcoming development as well.
The Inter-Ministerial Concession Committee (IMCC) commenced the review of the LCC’s agreement to develop a 6,000 hectares land in the Quardu-Gboni District of Lofa County.
The Chair of the Cabinet, President Ellen Johnson-Sirleaf, encouraged the IMCC to grant all protection and privileges under the law as given foreign concessions in order to ensure that this wholly Liberian-owned company will succeed and become a model for other Liberian investors interested in entering future concession agreements.