Palm oil project, Liberia
Name and Location
Palm oil project, Liberia.
Project Description
The project proposes to develop several palm oil plantations in the south-eastern counties of Sinoe, Maryland, Grand Kru, Rivercess and River Gee, in Liberia.
The project will initially cover a 15 000-ha area, which will be extended to 220 000 ha in the future.
In addition, the project is expected to create an estimated 35 000 direct jobs, coupled with social development opportunities.
Value
An investment of $1,6-billion.
Duration
The project is part of a 25-year concessionary agreement.
Client
The government of Liberia, represented by its Ministry of Agriculture, and Golden Veroleum, a subsidiary of Golden Agri-Resources.
Key Contracts and Suppliers
None stated.
Latest Developments
None.
On Budget and on Time?
Too early to state.
Contact Details for Project Information
Golden Veroleum (Liberia), tel +231 644 8525; or David Rothschild, tel +44 77 80 662 800 or email david.rothschild@veroleum.com.
Ministry of Agriculture Deputy Minister Charles McClain, tel +231 696 9701 or email worjoloh@gmail.com.
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