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Pres. Sirleaf Submits 25-Year GOL, GLS Agreement To Legislature
Date Uploaded: May 19, 2017

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Pres. Sirleaf Submits 25-Year GOL, GLS Agreement To Legislature

By Wilfred Gortor

MONROVIA, May 18 (LINA) - President Ellen Johnson Sirleaf has submitted a 25-year concession agreement signed between the Government of Liberia and the Global Logistics Services to the National Legislature for ratification.

The concession agreement is intended to actualize government's initiative at the Roberts International Airport (RIA) through the Liberia Airport Authority (LAA) of financing, designing, operating, maintaining and transferring a new state-of-the-art cargo handling facility and cargo operation at the RIA.

The concession agreement, according to a communication addressed to both Houses of the National Legislature on Thursday, was consummated on March 29 between government and GLS.

In her communication, President Sirleaf informed the Legislature that the aim of the agreement is to enhance the capacity and improve airfreight supply chain and logistics to and from Liberia.

“This initiative,” according to the President, “is intended to make Liberia's airport potentially viable and become a key hub for cargo transport within the Mano River Union and West Africa.”

President Sirleaf said the LAA which is a state-owned corporation with managerial and operational control over all government airports in the country, has agreed to grant a concession to GLS, a company registered under the laws of Liberia with substantial financial and technical support from the International Finance Corporation (IFC) and the National Aviation Services.

According to the Liberian leader, GLS is also incorporated under the laws of the State of Kuwait, adding, "GLS has agreed to finance, develop, operate, maintain and transfer a new cargo handling facility at the RIA."

"This concession agreement that is in line with Liberia's relevant laws and public policy, complements the development plan of the airport, the rehabilitation of the runway, and the construction of a contemporary terminal, " President Sirleaf noted.

She indicated that as government endeavors to make public facilities within Liberia as contemporary as its partners within the comity of nations, the passage of the agreement will demonstrate Liberia's commitment to the reconstruction pillar of development.

Meanwhile, both Houses of the Legislature have forwarded the agreement to their relevant committees for perusal.

LINA WSG/TSS/PTK

 

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