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House Rent Jumps in Bong Mines
Date Uploaded: Jan 08, 2014

By Richard D. Baysah

KAKATA, Jan 7 (LINA) – In the wake of the ongoing relocation of occupants from the former Bong Mining Company buildings, house owners in the Bong Mines area have hiked house rents to astronomical heights.

Speaking in an interview with the Liberia News Agency in Bong Mines Monday,  Pastor Joseph Abu said rent for rooms that previously cost about L$200 has now jumped to around US$15 as nearly a thousand families seek relocation.

A fortnight ago, the Liberian government started paying relocation packages to some 828 family heads to leave houses owned by the former Bong Mining Company for turn over to its successor the China Union Investment.

Each family head is receiving US$500 to vacate the buildings.

Pastor Abu said the relocation process has led to a serious shortage of homes and hence the rise in rent across the Bong Mines area.

He said the situation is growing grave as some of those relocated are now sleeping in make-shift structures around Bong Mines town.

It can be recalled that the government and China Union entered into a 25-year Mineral Development Agreement in 2008, under which government is required to turn over all former Bong Mining Company property, including the housing units, to the China Union Investment Company.


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