US$20M Loan for Gbarnga-Salayea Road Project Under Scrutiny

first_imgThe Plenary of the House of Representatives has mandated the Committees on Ways, Means, Finance and Development Planning, Foreign Affairs and Judiciary to review a US$20 million Loan Agreement signed between Liberia and the Saudi Fund for Development (SFD).The committees are expected to advise the House’s plenary in two weeks, whether or not the Loan Agreement should be ratified.The committees were set-up owing to a communication from President Ellen Johnson Sirleaf requesting the House to ratify the Loan Agreement.The purpose of the loan is to generate finance for the rehabilitation of the Gbarnga-Salayea Road Project. This loan is critical and aims to develop an existing gravel road of approximately 81km in length, with a width of 7.5m, connecting Bong and Lofa counties, as well as improving accessibility and reducing traveling costs for residents of the affected counties and those commuting in and through the counties.The Government of Liberia will pay interest at the rate of one percent per annum on the principle amount of the loan withdrawn and outstanding. Interest and other charges shall be paid semi-annually, the letter said.The term of the loan is thirty years, including a ten-year grace period. Government will repay the principal amount of the loan in accordance with Amortization Schedule set forth in Schedule #3 of the agreement.The President added: “Hon. Speaker, this agreement is in support of the government’s overall development agenda, and I trust that the Legislature will ratify it.”Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more


first_imgA terrified Milford couple have appealed for assistance in identifying those who’ve attacked their farm and property on a number of occasions recently.Barney McBride and his wife Vera, from the downland of Golan, say they have not slept since the latest attack on their property at the weekend when extensive damage was inflicted with sheep and lambs being released on to the public road.Mr. McBride, who is 74 years old, says he fears for what might happen next after what is described as a campaign of terror on their farm and property.The farm which is three miles from Milford has been the scene of a number of attacks and thefts in the past couple of years with intensive Garda investigations ongoing. However nobody has been apprehended.Making a public appeal to the public to come to the family’s assistance, Mr. McBride said that everyone has ‘a fair idea’ who is causing this damage but more evidence is needed to bring them to justice.The Tirconail Tribune report the latest attack came at the weekend when sheep were turned loose from their pens and a number are still missing.Five tubular gates were stolen and the four tyres on their cattle trailer were slashed to bits. Locks were removed from sheds and this pattern of damage has been consistent with earlier attacks when livestock was stolen and material damage was inflicted on their property. Members of the Garda Crime Unit spent time on the farm on Monday and officers from Milford are monitoring the situation very closely.We understand the Gardai are following ‘certain lines of investigation’. However it is seen as a highly sensitive situation.The Gardai at Milford can be contacted on 07491-53060 and all information shall be treated with confidentiality.ELDERLY COUPLE LEFT TERRIFIED AFTER ATTACKS ON THEIR FARM was last modified: December 10th, 2015 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:attackdonegalfarmGardaiMilfordlast_img read more