{"id":46343,"date":"2023-10-30T16:55:49","date_gmt":"2023-10-30T16:55:49","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-us-foreign-relations-committee-shows-special-interest-in-multi-user-access-of-liberias-railways-for-all-investors"},"modified":"2023-10-30T17:37:52","modified_gmt":"2023-10-30T17:37:52","slug":"liberia-us-foreign-relations-committee-shows-special-interest-in-multi-user-access-of-liberias-railways-for-all-investors","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-us-foreign-relations-committee-shows-special-interest-in-multi-user-access-of-liberias-railways-for-all-investors","title":{"rendered":"Liberia: US Foreign Relations Committee shows Special Interest in Multi-user Access of Liberia\u2019s Railways for All Investors"},"content":{"rendered":"

Africa-Press – Liberia. <\/strong><\/span>Investment in Liberia, particularly in the mining sector, has been encountering a sensitive blockade that has become a nightmare for all companies thinking about investing in Liberia.<\/p>\n

The use of the railway by other companies to export iron ore out of the country through the port of Buchanan has until now been conditioned by ArcelorMittal. Despite decisions taken and promises made by the Weah administration, the situation remains unchanged.<\/p>\n

This situation is seriously halting a multi-million American investment in the country, thus delaying the creation of thousands of jobs for Liberian youths.<\/p>\n

In negotiations that led to the finalization of ArcelorMittal\u2019s 3rd Mineral Development Agreement in late 2021, AML agreed that it supports the ideal of other companies using the railway.<\/p>\n

As stated in the 3rd MDA, the company agreed for what all the parties called \u2018Multi-user Arrangement\u201d where the government will manage the railway and receive proceeds directly while AML serves just an operator role.<\/p>\n

As rail operator, AML\u2019s only responsibility would have been typically working with the government to monitor the rail system and communicate with other users appropriately for free and safe flow of traffic and make quick decisions in emergency situations.<\/p>\n

Photo 2: Liberia’s Railway that links Yekepa to the port of Buchanan<\/b><\/p>\n

Following the confirmation hearing last week of U.S. Ambassador Designate to Liberia, Mark Toner, the new Ambassador re-emphasized the importance of the multi-user railway for the Liberian economy.<\/p>\n

\u201cMeaningful progress on implementing multi-user access to Liberia\u2019s railways is expected to be delayed until after the inauguration in January 2024 of the winner of Liberia\u2019s ongoing Presidential election \u2013 of which the second round of voting takes place in November. Nonetheless, if confirmed, I will advocate both before and after the election for multi-user access.\u201d Ambassador-designate Mark C. Toner said to a senator who was eager to know the Ambassador\u2019s assessment of Liberia\u2019s commitment to providing a multi-user.<\/p>\n

\u201cWhat diplomatic options are available to ensure that the Government of Liberia makes multi-user access available for railways?\u201d Another Senator asked.<\/p>\n

\u201cIf confirmed, I will continue to advocate with the Government of Liberia to stand by its commitments to and agreements with investors, including HPX,\u201d Toner answered.<\/p>\n

For More News And Analysis About Liberia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Liberia. Investment in Liberia, particularly in the mining sector, has been encountering a sensitive blockade that has become a nightmare for all companies thinking about investing in Liberia. The use of the railway by other companies to export iron ore out of the country through the port of Buchanan has until now been […]<\/p>\n","protected":false},"author":84,"featured_media":46342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,237,234],"class_list":["post-46343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-liberia","tag-liberia"],"yoast_head":"\nLiberia: US Foreign Relations Committee shows Special Interest in Multi-user Access of Liberia\u2019s Railways for All Investors - Liberia<\/title>\n<meta name=\"description\" content=\"Investment in Liberia, particularly in the mining sector, has been encountering a sensitive blockade that has become a n ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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