The Gateway to the Liberian Economy liberianobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from liberianobserver.com Daily Mail and Mail on Sunday newspapers.
The Gateway to the Liberian Economy liberianobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from liberianobserver.com Daily Mail and Mail on Sunday newspapers.
(L-r) LRA Commissioner General, Thomas Doe Nah; MOCI Deputy Minister for Industry, Thomas G. Goba; British Ambassador to Liberia, Neil Bradley; GLS Chairman, Mr. Peter Malcolm King; and other partners perform the groundbreaking for the LISDS open access modern warehouse.
The Freeport of Monrovia is Liberiaâs main international entry point to its capital city, where 90% of the countryâs economic activity takes place.
Despite significant investment into port and road infrastructure in recent years, there is an identified shortage of storage and other logistics infrastructure required to complement the import supply and export value chains and ensure trade is handled efficiently.
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), and Global Logistics Services(GLS) have signed an Engineering, Procurement and Construction (EPC) contract with Liberian contractor, BMC Group, to enable construction to commence on the Liberia Inland Storage Facility (LISF) project. InfraCo Africa will be the majority shareholder in the project which will develop Liberia’s first open-access commercial warehousing facility and operations.
LISF is being developed by InfraCo Africa, with CPCS Transcom (CPCS) acting on their behalf, in partnership with Liberian logistics company GLS Group.
The 4,600m2 facility will be situated 10 kilometres from the Freeport of Monrovia. LISF will allow businesses to optimise their supply chains, minimising stock wastage and damage which should ultimately reduce overall costs to the end consumers.