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The era of revenue leakages in millions of dollars that were not realized from Marine operations , lease payment and remittances through concession fees at the “Gateway to the Nation’s Economy” is being plugged as the Celia Cuffy– Brown Administration at the Port has detected major cash sources were monies can now be legitimately collected consistent with the act governing the Seaports of Liberia.
This latest move is inched on huge finical liabilities which amounted to US$ 680 thousand that was discovered by the Port's new Management team prior to taking over.
It is also aimed at reclaiming territory control of all viable economic hubs in the revenue growth corridors of the country to ensure sustained development and economic prosperity.
On Wednesday, 13, June, 2018, the new management team at the National Port made yet another record– setting achievement for the first time in more half a decade thereby initiating a major deal for potential revenue inflow at the Port of Buchanan.
located 272 kilometers south–east of Monrovia, the Port of Buchanan is Liberia's second larges port and its poised to be used as a transshipment pathway and a major hub for job creation in the wake of the Costal high way project by H.E George M. Weah.
The deal when consummated, will remit all funds to the coffers of the National Port Authority as legitimate revenue for the port.
The Decision to consummate the deal was reached following series of engagements by the current Management of the National Port Authority regarding the action by Acelar Mittal to have hired Smit –Lamnalco to render Marine Services at the Port of Buchanan and collect millions of dollars for the past six years without remitting a dime to the Regulatory Authority ( NPA) as required by laws.
NPA acting Managing Director Madame Celia Cuffy Brown said the engagement with Acelor Mittal was cordial but tense, adding that the upliftment of Liberia remains the common patrimony to the citizens and each one must play his or her part honestly.
Madam Brown further described the exercise as the “political will power to ensure that all legal revenues siphoned from the ports in the past be remitted to NPA coffers as her administration will not shy away from being transparent.
This follows the May 25, 2018, NPA – APM Terminals deal which will now allow 15% payment in royalty on total annual revenue from Marine Services before expenditure and taxes to the National Port Authority plus the additional 50% of the remaining profit; it also the US $ 1.25 Million arrears for the extra two years APM Terminals operated the Marine Services; as well as the five years training package for NPA Staff and the first ever 37.5 % payment from APM Terminals annual gross revenue through the Weigh bridge operation among others.
Manager, Public Affairs –NPA
Pursuant to NPA demand to reclaim the Marine Services from APM Terminals, a major source of revenue for the port; and consistent with continued push by the NPA Management team impressing upon APM Terminals to remit all revenues collected for operating the Marine Services during the expired tenure contained in the concession,
The Prince George's County Economic Development Corporation (EDC) last Wednesday, October 12, 2016, hosted a delegation of ten Liberians including three officials of the National Port Authority of Liberia,
1. The Government of the Republic of Liberia through the National Port Authority (NPA) has signed a Loan Agreement with Kuwait Fund for Arab Economic Development for assisting in the financing of the Port of Greenville Rehabilitation Project; Part of the proceeds of the Loan will be allocated toward the purchase of two Reach stackers under the contract IFB NO. NPA/ICB/007/15/16.
1. The Government of the Republic of Liberia through the National Port Authority (NPA) has signed a Loan Agreement with Kuwait Fund for Arab Economic Development for assisting in the financing of the Port of Greenville Rehabilitation Project, Part of the proceeds of the Loan will be allocated toward the purchase of Aids to Navigation under the contract IFB No NPA/KWLP/ICB/008/15/16.
The Finance Division is headed by the Comptroller and is responsible for all aspects of financial administration and control within the National Port Authority. It supervises and prepares accounting records and statements on the financial affairs of the Port.
The Marine Department is headed by the Harbour Master. As Harbour Master, his duties are to ensure the full execution of all marine operations including the berthing and sailing of all vessels using the NPA.
BUCHANAN CITY, GRAND BASSA COUNTY REPUBLIC OF LIBERIA | DELIVERED BY: HON. DAVID F. WILLIAMS, MANAGING DIRECTOR-NPA
Distinguished Platform Guests present, Special Invitees, Members and Executives of the Liberia Charter of the United Nations Women, Members of the Fourth Estates, Ladies and Gentlemen.
The Management of the National Port Authority has announced the commencement of the construction of over 2.4 miles of road within the Freeport of Monrovia.
A high power investment delegation from Johannesburg, South Africa has held talks with the Management of the National Port Authority aimed at exploring possibilities of investing in the Liberian Sea Port Sector.