President George Manneh Weah has written the Liberian Senate to ratify the investment, incentives agreement between the government of Liberia and the Starr Cement Cooperation.
In his communication, the president indicates that the agreement is for the development of a cement grinding plant which has the capacity to produce 600,000 tons per annum.
According to President Weah, the cement producing plant is an investment of US$41 million.
President Weah notes that when established, the cement grinding plant will supply the Liberian market and other Mano River Union (MRU) countries.
He discloses that the operation will continue for 15 years, adding that the investors have promised to create over 500 jobs during the construction stage and over 100 direct jobs during the operations of the plant.
Additionally, President Weah reveals that the investors of the cement grinding plant intend to administer a grant of US$20,000 in awarding scholarships as social obligation within its environment of operations.
The agreement, according to President Weah, is in support of the Government’s Pro – Poor Agenda, leading to rebuilding the nation.
Maryland County Sen. J. Gleh-bo Brown sponsored the Bill, and Maryland County Sen. Dan Morais made the motion accepting the President’s letter.
The communication from the president has been sent to the appropriate committees for ratification, to report to plenary within two weeks.By Ethel A. Tweh–Edited by Winston W. Parley