VP Taylor Signs Two Giant Loans On Roads Construction

Barely a day after the ratification of the EBOMAF loan agreement by the Liberia Legislature, Vice President Jewel Howard-Taylor has officially signed the Eton PLT Finance, Ltd. Loan and the EBOMAF Loan Agreement.

Recently, His Excellency Pres. George Manneh Weah placed before 54th Legislature, the two proposed agreements for the securing of much-needed funds to tackle road challenges in the country.

President of the Senate, VP Howard-Taylor said she was affixing her signature to the two agreements which have the greatest potential to positively impact the lives of the Liberian people in all sectors.

According to a release from the VP’s office, during the signing of the agreements, VP Taylor indicated that Liberia is on the verge of great transformation
“We as a people have long yearned for the advancement of our lives and the repositioning of our country to an enviable place in the comity of nations. We are all agreed that the lack of basic infrastructure, particularly road networks, has inhibited our forward march in large measure for more than 170 plus years,” the Liberian VP averred.

She noted that it was her pleasing duty and a great honor as Vice President of and President of the Liberian Senate, in accordance with Article 51 of our 1986 Constitution, to affix her signature to the historic documents.

President George M. Weah recently submitted a Loan Financing Agreement between EBOMAF SA of Burkina Faso and the Government of Liberia in the tune of US$420,810,000 to the Legislature and craved the indulgence of the lawmakers to swiftly ratify the loan agreement.

Prior to this submission, the Liberian leader also forwarded for ratification the US$536.4 million Eton PLT Finance, Ltd, Loan Agreement.

Both Loans are intended to construct and connect the country through roads and the building of stadiums in seven of Liberia’s fifteen counties.

Now that both loans have been passed and ratified by the Liberian Legislature, analysts say Liberian government and its people will in the coming years generate more revenues and there will be easy access through the country.

Liberians are currently yearning for roads connectivity and boost of the economy for better living of citizens.

Advertisements