- Search Results
 
 
European Bank To Fund RIA Runway Upgrade
Date Uploaded: Oct 13, 2014

 Finance Planning & DevelopmentMinister, Amara  Konneh

 

 

 

 

European Bank To Fund RIA Runway Upgrade

MONROVIA, October 13 (LINA) – The Liberian Government and the European Investment Bank (EIB) have signed an agreement worth US$27.3 million to urgently upgrade the runway and address safety at the Roberts International Airport (RIA).

 The 20-year loan for RIA was formally agreed on the sidelines of the World Bank/ IMF meetings in Washington at a ceremony attended by Minister Konneh and Executive Governor of the Central Bank of Liberia, Mills Jones.

The occasion also allowed detailed discussion of issues of pressing concern in Liberia, the government’s economic recovery plan and EIB engagement in West Africa, according to an EU release issued in Monrovia Monday.

In remarks, Minister Konneh said: “The European Investment Bank has always been a true partner to the people of Liberia. The airport rehabilitation project is another clear manifestation of that partnership.”

“The European Investment Bank stands side by side with Liberia at this time of need. We will continue our engagement with Liberian officials, partner institutions and European Union Delegations in the region and will ensure that any support we can provide will be of best use.

“Upgrading Monrovia’s airport is essential for Liberia and we are pleased to share the experience from similar projects elsewhere in Africa,” said Pim van Ballekom, EIB Vice President.

This is the first EIB operation with the Liberian Airports Authority and follows recent support for improving electricity generation in Liberia through backing for rehabilitation of the Mount Coffee Hydropower Plant.

The runway work will also include improvements to runway drainage and runway lighting and when complete will allow RIA to comply with international civil aviation standards.

The project is being co-financed with the Saudi Fund for Development and the Arab Bank for Economic Development in Africa.

The EIB has experience supporting airport investment around the world and has provided 12.5 billion Euros for new airports and airport upgrading in the last decade.

This has included runway improvements in Maputo, upgrading regional airports in Tanzania, air traffic control in Madagascar and West Africa, as well as Heathrow Terminal 5, Amsterdam Schiphol, Frankfurt and Paris airports.

LINA PTK/JKW 

 

latest headlines
LEC Holds Community Engagements Against Power Theft
The Liberia Electricity Corporation (LEC) has renewed its warning to individuals engaged in power theft to desist, as it was costing government i ...more
Cuttington University Promises To Sustain EHELD Projects
The Administration of the Cuttington University has assured the Excellence in Higher Education for Liberian Development (EHELD) of its commitment ...more
Justice Banks Decline To Issue Prohibition Against Korkoyah
Supreme Court Justice-in-Chamber Philip A. Z. Banks Thursday declined to grant the writ of prohibition requested by Dr. Togba Nah Tipoteh against ...more
VP Boakai Assures LACC Of Support To Tackle Graft
Vice President Joseph N. Boakai has assured the Liberia Anti-Corruption Commission (LACC) of his unreserved commitment to tackle the scourge of c ...more
Pres. Sirleaf Congratulates Luxembourg On ‘National Day'
President Ellen Johnson Sirleaf has sent a congratulatory message to His Royal Highness, Grand Duke Henri of Luxembourg, on that country’s Nati ...more
ECOWAS Envoys Congratulate Pres. Sirleaf
The Dean of ECOWAS Ambassadors and Heads of Mission Accredited to Senegal, General Edouard Tiape Kassarate, has congratulated President Ellen Joh ...more
 
All rights reserved © 2013 - 2014
Liberia News Agency