The Acting Managing Director for the National Port Authority Madam Celia-Cuffy Brown, says the NPA as a fund-generating entity should contribute to government revenue, but as a result of bad contracts signed by previous administrations it had not fulfill such role, noting, “NPA is not a poor company.”
“SOEs [State-Owned Enterprises] are meant to subsidize government; SOEs should greatly be able to contribute, but since the Marine contract, NPA has not been able to fully contribute to government”, she laments.
However, addressing a news conference Friday, 1 June at the Head Office of the National Port Authority on Bushrod Island, she says the NPA and APM Terminals have reached what seems to be a rewarding a deal here that would see the British company pay 15 percent royalty on total annual income to the Government of Liberia prior to taxes, and 50 percent profit sharing with government after taxes are deducted.
APM Terminals provides Marine Services at the Freeport of Monrovia. Under the deal, the company is also to pay US$1.2 Million in arrears to government for operating the Marine Services at the Port in extra two years besides a five-year training program for NPA staff.
Acting MD Brown discloses that both entities signed a Memorandum of Understanding on May 25, 2018 for five years to operate the Marine Services adding, under the MOU, the company will also pay 37.5 percent to government on its annual revenue.
The Acting NPA boss notes that as a result of bad deals signed by her predecessors, the Government of Liberia benefitted between US$4,000 and $5,000 annually from APM Terminals unlike the current renegotiated agreement, recalling that the company earned over US$38 million despite expiration of the previous five-year agreement signed in 2010, while government netted only US$28 Million the same period.
Meanwhile, Madam Brown says under administration, about 265 Liberians have been employed at the NPA in various posts, including members of the governing Coalition for Democratic Change.
She says these achievements, among others in just 90 days would not have been possible without support from President George Manneh Weah.
“If we had a leader, who will appoint us and leave us along to do our work, we will have these records; I think he [President Weah] trusts my judgment”, she concludes.
-Story by Jonathan Browne