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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe President of Liberia Joseph Nyuma Boakai recently approved by decree the creation of the National Railway Authority. The decree with immediate effect grants the NRA the supervision and management of the country's rail assets, the granting of licenses, and the development of appropriate regulations to improve and develop infrastructure
.The new Liberian Railway Authority will pilot the planned liberalization plan for the rail sector, in order to attract private investment in the development of this key area of the national economy.
This organization will also “ensure the efficient and equitable use of rail infrastructure by stakeholders, in particular in the mining sector and for the transport of passengers and goods” inform the authorities.
This measure is part of the National Transportation Plan, one of the objectives of which is to position railways as a key link in the supply chain for mineral exports, and as a vector of stimulation for other sectors of the economy, in particular agriculture.
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