The two US-based companies are: the American Venture Group (VAMA), a company duly incorporated under the laws of Delaware and Quest Water Solutions Incorporated, a company duly incorporated under the laws of the State of Nevada.
Signing the MOU, the Chief Executive Officer (CEO) of VAMA, who represented both companies, Mr. Richard Hoffman, said that their presence in Liberia is to bring in clean water for the benefit of 1.5million people.
"We are pleased to announce that we are coming to bring in clean water for over 1.5million people in the country. Quest Solution has developed an essentially 44-foot sophisticated purification water container. The inside part of the unit is well sophisticated water purification process that takes water like lake water, ocean water and convert it into most pure drinking water or consumable water,” Hoffman said.
"What this investment will entail is a detail investment over the next 18 to 24 months. This will bring systemic throughout the 15 counties of Liberia for people to have access to safe drinking water," Hoffman stated.
The Goodwill Ambassador disclosed that due to the cordial relationship his company's founder has with President George Manneh Weah and First Lady Clar Weah, Liberia happens to be the first country in West Africa to benefit from this laudable project.
"We have the opportunity to come to Liberia to deploy this first in West Africa because of our founding member close relationship and love for President George Manneh Weah before other countries that are pleading and begging to come and sign this joint venture,” the American Venture Group CEO noted.
For his part, LWSC Managing Director, Mr. Duannah A. Kamara, on behalf of the GoL, lauded the two companies for what he described as a tremendous opportunity to Liberia.
MD Duannah pointed out that the joint venture will not only supply sufficient, affordable and sustainable safe drinking water to undeserved people, but will at the same time create jobs for Liberians in rural areas. "The joint vendor will also provide positive socio-economic benefits for the communities in which we operate through the hiring and training of people for the installation, operation, maintenance, and service of the systems,” the LWSC boss noted.
According to him, the investment will enable the two companies to deploy 270 kiosks in every county for rural dwellers to have access to safe and clean drinking water.
"This project will require the companies to design, build, finance, install, and operate 270 water purification and distribution systems in rural communities through Liberia for the purpose of meeting the county's clean water supply," he asserted.
He furthered that the project is fully sponsored by the two partners in support of their contribution to the President Weah' “Pro –Poor” Agenda for Prosperity (PAPD).
Meanwhile, the investment portfolio will require no financial contributions from the LWSC or the Liberian Government.