Bank, following an agreement signed in Washington D.C. Amara M. Konneh, the Liberian Minister for Finance, 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 twenty year USD 27.3 million (EUR 19.6 million) loan for Roberts International Airport was formally agreed on the sidelines of the World Bank IMF meetings in Washington at a ceremony attended by Amara M. Konneh, Finance Minister of the Republic of Liberia and Executive Governor of the Central Bank of Liberia W. 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. “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 experience from similar projects elsewhere in Africa.” said Pim van Ballekom, European Investment Bank Vice President.
This is the first European Investment Bank 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 Robert International Airport 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.
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