Monrovia- Liberia, July 31, 2919-The Government of Liberia and the Ecowas Bank for Investment and Development on Tuesday July 30, 2019, signed a loan agreement for the pavement of Liberia’s southeastern road.

According to a release from the Ministry of Finance and Development Planning , the 50 million United States dollars facility is also expected to finance civil works of 50km of road construction between Barclayville-Klowne and Sasstown on the Southeastern corridor.

The southeastern road corridor which stretches from Buchanan, Grand Bassa to Grand Kru County is being considered as a signature road project announced by President Dr. George M. Weah.

The release said, the loan agreement was signed during the EBID Board of Directors meeting and at the bank headquarters in Lome, Togo and is a major boost for the government roads development program.

Representing the government of Liberia, was the country’s Deputy Minister for Economic Management at the Ministry of Finance and Development Planning Hon. Augustus J. Flomo , while EBID President Bashir Mamman Ifo represented the bank during the signing ceremony.

President Bashir Mamman Ifo during the signing expressed the bank continuous support to the development of Liberia and committed the bank pledged of working with Liberia for the success of the project.

For his part, Deputy Minister Augustus Flomo also recounted the President and Government of Liberia commitment to the infrastructural development of Liberia with emphasis on road construction and others.

Mr. Flomo maintained that the Pro-Poor Agenda for Prosperity and Development (PAPD) is meant to get over 1 million people out of poverty.