Executive Mansion of the Republic of Liberia

06/14/2018 | Press release | Distributed by Public on 06/14/2018 11:59

President Weah Signs ETON, EBOMAF Loan Agreements

Thursday, 14th June 2018


Photo Credit: Executive Mansion

Monrovia, Liberia:President George Manneh Weah has signed into law,the Eton Financing and EBOMAF SA Loan Agreements. The two Agreements were ratified by the National Legislature for the construction and pavements of 830 kilometers road network.

In a statement delivered at the signing ceremony on Thursday, June 14, 2018 at the Ministry of Foreign Affairs, the Liberian leaderlauded government officials and Liberians in general for the support given him leading to securing the two Loan Agreements for the construction of major roads in the country.

'It's my desire and I pledge that at the end of my tenure, I shall have connected all 15 counties.This shall be my focus; this shall be my legacy and my footpath after my tenure'.
President Weah said the Loan Agreements will help provide the opportunities for economic growth, increase development and will provide access to youth employments, while also impacting meaningful contributions to national development.

The EBOMAF SA Loan will cover the pavement of 323.7 km roads including the Somalia Drive via Kesselley Boulevard to Sinkor in Monrovia -16km,Tappita to Zwedru in Nimba and Grand GedehCounties and from Toe Town in Grand Gedeh Countyto Ivory Coast Border-10.2km road. It includes the 185km road from Zwedru in Grand Gedeh County to Greenville in Sinoe County.

Also, the ETON Financing loan covers 505.3km of roads including the corridor from Grand Bassa County in Buchanan through Cestos City in Rivercess County to Greenville City in Sinoe County onward to Barclayville City in Grand Kru County -316km road.

The road construction also includes the corridor between Barclayville to Sasstown road-21km in Grand Kru County; while the Barclayville to Pleebo road-75km in Grand Kru and Maryland Counties will be constructed and paved.

The ETON Financing Road Agreement will also cover Western Liberia counties including the Tubmanburg to Bopolu -52km road in Bomi and Garpolu Counties while the Medina and Robertsport-41.3km road in Bomi and Gbarpolu Counties.

The road construction projects, according to President George MannehWeah, are expected to be completed in the first term of his administration.