REPUBLIC
OF LIBERIA
MINISTRY
OF FOREIGN AFFAIRS
MONROVIA,
LIBERIA
Press Release
For Immediate
Release
Liberia, China
Exchange US$36 M Note To Finance China-Sponsored Projects
(MONROVIA, WEDNESDAY, NOVEMBER 13, 2013): The Government of the People’s Republic of China has
allocated the amount of US$36 million to the Liberian Government to cover
expenses for four Chinese-sponsored projects in Liberia.
The gratuitous assistance was made during
Tuesday’s note of exchange ceremony between both countries held at the Ministry
of Foreign Affairs. The Minister of Foreign Affairs, Hon. Augustine Kpehe
Ngafuan and the Ambassador of the People’s Republic of China accredited to
Liberia, His Excellency Zhao Jianhua represented their respective countries at
the ceremony.
According to a Foreign Ministry release,
Chinese Ambassador Zhao disclosed that the amount is an initial amount against
US$100 million intended to finance the refurbishment of the Samuel Kanyon Doe
(SKD) Sports Complex in Paynesville, the Monrovia Vocational Training Center
(MVTC) in Paynesville, construction of annexes for the National
Legislature/Capitol Building in Monrovia and the Ministerial Complex to be
constructed in Congo Town outside Monrovia.
Speaking after the signing of the notes, the
Chinese Envoy stated: “I’m extremely happy today to sign this letter of
exchange and it’s money for the projects that have been agreed upon which are
being simultaneously worked on at the moment”. He promised that all four
projects will be implemented with good quality and dedicated on time.
Minister Ngafuan, thanked the Chinese
Government through its Ambassador on behalf of the Liberian Government and paid
special tribute to the Government and People of China for standing by Liberia
during the time of real need adding, the Government and People of China have
been with us in a strong way. There are lot of tangible evidences of the partnership
between Liberia and China.
Minister Ngafuan said the signing of the
notes of exchange signifies that the two countries are getting closer to the
implementations of the projects because previous signings were commitments
while the exchange of notes means cash coming in for the implementation of the
projects.
An agreement for the Ministerial Complex,
expected to be China’s second largest building in Africa after the African
Union Headquarters in Ethiopia, was signed last year and will greatly help the
Liberian Government’s bid to move away from being a tenant to a landlord.
The MVTC, which is nearing completion to be
officially handed over to the Liberian Government, is meant to boost the
Government’s youth empowerment policy by making the country’s young people
employable through the acquisition of skills.
Constructing annexes at the Capitol Building
is expected to provide more space for the country’s lawmakers while the
refurbishing of the SKD Stadium is expected to give the national stadium a
brand new face.
Signed:
Hon. Horatio Bobby Willie
Assistant Minister/Public
Affairs
BRAVO
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