Liberia: President sells off more of the last rare old forests

Speaking Tuesday when she signed the document, the Liberian President
expressed satisfaction over the signing of the agreement which she
noted, will create more employment opportunities for Liberians upon
implementation and generate income for the country’s Lift Liberia
Initiative.

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Under the terms of the contract, Alpha Logging & Wood Processing Company will harvest commercial timber for 119,240 hectares covering Gbarpolu and Lofa Counties.

More than US $17.8-million is expected to be invested on machinery, road network and community development activities under the contract, while statutory community benefits will average half-a-million dollars per annum.

Tuesday’s Forestry Management Contract is the third signed by President Johnson Sirleaf in recent weeks. The President recently
signed two Forestry Management Agreements covering Rivercess county.
The agreements are subject to ratification by the Liberian Senate.

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