Road Transport

The Potential Market

Based on Liberia’s agriculture and industry GDP level we can estimate that there is a need for at least 19,289 lorries compared with current estimates of about 3,000.

Concession agreements negotiated since 2006 between the Government and various multinational companies have an announced value of more than US $20 Billion. Incorporating both domestic and foreign transportation companies into the supply chains of these corporations presents a major investment opportunity.

The Supporting Infrastructure and Resources

The Government and its development partners have committed about US $323 Million to transform Liberia’s roads and reduce transport costs:

• World Bank (Liberia Road Asset Management Project): The objective of the project is to reduce transport costs along the road corridor from Monrovia to Guinea border and to maintain the road in good condition over a 10-year period.
• The Government of Liberia (GOL) and the multi-donor Liberia Reconstruction Trust Fund have committed an additional US $182 Million to the rehabilitation of Liberia’s roads.
• Japan: To reduce the traffic congestion and secure the safe transportation in Somalia Drive
• Germany: Legislative, institutional and personnel capacities for increased efficiency in the road sector
• Swedish International Development Cooperation Agency (SIDA): Increase rural transport and market access to promote economic and social development in Bong, Lofa and Nimba Counties
• In addition to the above, partners such as the European Commission and African Development Bank are also supporting the Government with its road infrastructure needs

There are other additional on-going interventions intended to enhance the attractiveness of the road transport sector:

• German Agency for International Cooperation (GIZ)is working with the Ministry of Transport and Ministry of Public Works in providing technical support in policy development for the sector
• International Finance Corporation (IFC) is working with the Liberia National Investment Commission and Central Bank of Liberiato develop the required regulatory framework for provision of leasing services
• The Government of China is providing funds to improve the infrastructure of the Monrovia Vocational Training Center(MVTC) and then intends to support mechanical/engineering vocational training

The Competitive Advantage

The growing number of concessions in the country will all require access to transportation services to ensure the smooth running of their business operations.

A Range of Opportunities Exist in Liberia along the Value Chain in the Coastal Transport Sector

Within ECOWAS, Liberia has competitive import duties on trucks, fuel costs, and labor rates for a transport company to operate profitably.

How the LNIC Can Support You, the Investor

The LNIC is your first step toward establishing a sound and profitable business in Liberia. Wefacilitate your entrance into Liberia by:

• Helping to identify opportunities
• Finding the right information for your business
• Getting you in touch with the right people at the right places

The LNIC provides the aforementioned support in order to stimulate direct, productive investment that will create jobs and inject innovation into Liberia’s growing economy. If your aim is to establish a long-term business relationship in Liberia, we can help: info@investliberia.gov.lr or +231 (0) 770-INVEST?[+231 (0) 770-468378].