V.P. Boakai Welcomes Construction of Low Cost Houses by Spanish Investors

Friday, 19th June 2009

Monrovia, Liberia - Vice President Joseph N. Boakai has welcomed plans by Spanish investors to construct 10,000 low cost houses in Liberia.

Speaking on June 19 when three Spanish investors, accompanied by their Liberian counterparts, paid a courtesy call on him at his Capitol Building office, Vice President Boakai said the project will help to reduce congestion in the capital which, he noted, has created sanitary problems for residents of Monrovia.

Construction of the buildings, he emphasized, would ensure the relocation of people now living in make-shift buildings and squalor in the capital, and eventually give the city a face-lift. Vice President Boakai further observed that the project will help to create jobs, saying, "the Liberian Government needs to create jobs if it is to sustain the peace now prevailing in the country." He, however, hoped that the houses to be constructed would be affordable for ordinary Liberians. The Vice President also welcomed plans by the Mamawa-Miguel Group to invest in the production of electricity through solar energy, provision of safe drinking water, forestry and agriculture.

Vice President Boakai noted that Liberia has all it takes to create opportunities, and that all the country lacks is the expertise and resources to do it. "Liberia still has the largest forest reserve in West Africa."

Briefing Vice President Boakai, the head of delegation, Mr. Jose Miguel Molina Prats, said his company and the Liberia-based Mamawa Resources have entered into a Memorandum of Understanding (MOU) to jointly operate in Liberia, thus resulting in the Mamawa-Miguel Group, and that plans are being finalized for the acquisition of 3,000 acres of land for construction of the housing estates.

Meanwhile, Mr. Miguel Molina Prats, a native of Valencia, has disclosed plans by the City
Corporation of Valencia to forge a sister-city relationship with Monrovia. "I think Spain wants to expand her relationship with Liberia that will be mutually beneficial to both countries," Mr. Prats said. He explained that his delegation has already initiated discussions about the sister-city relationship with the Acting Mayor of Monrovia.

Vice President Boakai welcomed a sister-city relationship between Valencia and Monrovia, but observed that in future cities like Buchanan, Gbarnga and Harper should also considered.

Other members of the Spanish delegation were Michael Alexander Boarmpong-Peacemann, Luis Vicente Calatayvd and Mr. Samuka M. Konneh.