Senate ratifies Hummingbird, EBOMAF agreements

The plenary of the Liberian Senate in a special sitting Monday, June 11, ratified the pre-financing agreement between EBOMAF S.A. for construction and pavement of additional trunk of roads in the northern part of Southeastern Liberia and in other parts of the country.


The Senate also ratified the Mineral Development Agreement between Hummingbird Resources-Liberia and the government for the development of gold resources in Sinoe, Grand Kru, River Gee and Maryland Counties, respectively.

Addressing a news conference in Monrovia after both the concurrence and ratification of the two bills, Senate President Pro-Tempore Albert Chie says the Executive branch of government through the Ministries of Public Works, Finance and Development Planning, Justice and the Central Bank of Liberia, convincingly illustrated to the Senate the crucial need and importance of paving roads, economic soundness, ability of the lenders to provide the funds, and preparedness of the government to provide acceptable guarantees as well as the country’s capability to pay back the loans in time.

“Most importantly, the Ministry of Justice has confirmed to the senate that all of the processes and procedures pertinent to the acquisition of the loans are well within the confines of the laws and administrative guidelines and regulations, including the public procurement process and the requirements of international good governance. All of these facts and circumstance have been corroborated by the Public Works, Works, Means, and Finance and Judiciary Committees of the senate which have been working on the issues for several weeks,” Pro- Tempore Chie explains.

The Grand Kru County Senator assures Liberians that over the next 10 years, the government will accelerate the assessment, appraisal and sustainable development and management of its ministerial resources and other natural resources to improve citizens’ lives, especially rural dwellers, and service the loans.

“We cannot overemphasize the importance of good paved roads to agricultural productivity, good healthcare, including reduction in maternal and infant mortality, improvement in educational standards, provision of social and economic services to our people, and creation of an enabling environment for private sector investment in all parts of the country,” he concludes.

By E. J. Nathaniel Daygbor-Editing by Jonathan Browne

Show More

Leave a Reply

Your email address will not be published.