Finance

Liberia : China Exim Bank grants $50 million loan to build new terminal at Roberts airport

Friday, 07 October 2016 19:52

Liberian government and China Exim Bank signed earlier this week a loan agreement for $50 million which Liberia will use to build a new terminal at Monrovia’s Roberts international airport.

According to Liberian authorities, works for the project should start immediately and end in deadlines set by the China Harbor, the firm that got the contract.

Liberia’s President, Ellen Johnson Sirleaf, who oversaw the signing of agreement, believes that the new look of the country’s biggest airport will improve that of the nation while contributing economic growth.

“The Airport terminal is important for growth. This work will enhance our economic growth. The coming in of this airport will increase the traffic and capacity for more flights,” said Minister of Finance and Development Planning, Boimah Kamara.

The Roberts airport is Liberia’s main international airport. It is located about 40 km from the capital, Monrovia. It is named after the nation’s first president, Joseph Jenkins Roberts.

During the 1990 civil war, the infrastructure’ airstrip was bombarded and its terminal was burned. Closed after the crisis, it only reopened in 1997 with one freight building turned into an airport terminal. However, various international airlines such as Air France suspended their flights to the airport.

On the same topic
Public debt rose to CFA8,606.6 billion by end-October 2025 Domestic debt now exceeds CFA4,391 billion, driven by regional markets Debt arrears...
Togo cut projected 2025 budget revenue by 1% to CFA1,472 billion while raising spending by 2.3% to CFA1,717.1 billion. The revised budget shows a...
Togolese banks granted CFA903 billion in new loans by end-September 2025, up 22% year on year. The National Credit Council cited sustained...
Ecobank and Coris Bank dominate WAEMU public securities market Ecobank leads largest, liquid markets; Coris strong in Sahelian states Banks...
Most Read
01

AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...

From Mobile Data to Farm Loans: How AI Is Expanding Rural Credit in Africa
02

Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...

Egypt attracts Polish Fruitful investment in horticultural processing
03

Investment bank BCID-AES established  in Bamako Bank aims to fund infrastructure, agricultur...

Sahel Alliance Establishes Investment Bank, Key Financing Decisions Pending
04

This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...

Weekly Health Update | Africa Steps Up Essential Medicines Strategy, Despite Outbreaks, Funding Gaps
05

Fitch upgrades Côte d’Ivoire to BB, saying political uncertainty has lifted and the country has mo...

Fitch Says Côte d’Ivoire Has “Left Political Risk Behind” as Rating Upgrade Highlights Strengthening Fundamentals
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.