By: Archie Boan
The House of Representatives of the 55th National Legislature has unanimously backed the Concession and Access Agreement (CAA) between the Government of Liberia, SMFG of Guinea, and Ivanhoe Liberia, calling it a major economic win for the country.
According to the report submitted to Plenary by the house’s joint Committee on Investment, the 25-year agreement allows the transport of Guinean iron ore through Liberia via the Yekepa–Buchanan rail and the Port of Buchanan, with the concessionaires required to expand rail capacity and upgrade port facilities.
The Committee highlighted projected benefits including over US$1 billion in rail access revenue, nearly US$1 billion in rail and port investment, and US$110 million for community development. Additional taxes and duties are expected to generate US$176 million for government.
It confirmed that all legal requirements including the Liberia–Guinea Implementation Agreement and ESIA processes were properly followed.
Describing the agreement as crucial for jobs, infrastructure growth, and regional integration, the Committee recommended swift ratification without reservation.
Meanwhile, the approved instrument has been forwarded to the Liberian Senate for concurrence.
