The MoU include: the Energy Feasibility study for the modernization of the rail road linking Liberia and Guinea and the E-Governance System.
The Minister of State Without Portfolio Trokon Kpui, speaking to reporters, said the modern rail road upon construction by the company will help boost trade and commerce including the free movement of people between Liberia and Guinea.
As for the E-Governance component of the MOU, Minister Kpui said the E-Governance System will help digitize most government payments to ensure the promotion of transparency, accountability and efficiency in government.
In brief remarks, President George Weah welcomed the investment of the company and pledged his government’s commitment to the MOU.
Also speaking, the CEO of Forescue, Mr. Andrew Forres pledged the support of his company to help transform the lives of young people in Liberia.
Forrest told reporters that his passion is to help empower young people in Liberia to ensure they realize their full potential.
The arrival of the Australian investor to Liberia came after recent visits and interactions between President Weah and other relevant Government Line Ministries and Agencies.
The Forescue Mining Company is the fourth biggest mining Company in the world as their operations in Liberia, according to the CEO, is a great relief for the people of Liberia.