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GOL signs US$14m financing agreement

The Government of Liberia and the German Development Bank (KfW), have signed a US$14 million financing instrument under the Liberia Reconstruction Trust Fund (LRTF) arrangement as part of funding for the pavement of the Ganta – Zwedru road corridor.

The signing took place at Boulevard Palace in Sinkor on Tuesday evening, 11 December.The LRTF is a multi- partner mechanism to fund road and power infrastructure in Liberia.Speaking at the signing ceremony, the head of mission of the Federal Republic of Germany Gunter Plambeck said his country has had relations with Liberia for a very long time.

According to him, the two countries have been through bad and good times but what matters is that they hold together.Mr. Plambeck reveals the fund came from what is left over from the development and economic sectors of the German government, so they decided that it should be given to Liberia.

The German envoy also explains that they have straight rules that at the end of the year, any money collected in that sector must be spent before the 17 of December.

Also speaking, Liberia’s Minister of State for Presidential Affairs Nathaniel McGill thanks the partners for their support, and expresses government’s pleasure to have them.Minister McGill says the government is very determined to deliver to the people of Liberia.

He claims that some people in the opposition want to run the government, which he says cannot work because Liberians made their decision to elect the Coalition for Democratic Change (CDC) led – government. Mr. McGill asks critics to give the administration chance to run the government.

For his part, Public Works Minister Mobuto Nyepan says government will ensure implementation of this project is done to the fullest.Also speaking, Finance Minister Samuel Tweah thanks the partners for choosing Liberia, saying roads have been one of the major challenges Liberia has been facing.

By Bridgett Milton–Edited by Winston W. Parley

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