en.Wedoany.com Reported - Liberian President Joseph Nyuma Boakai witnessed the signing of a $125 million World Bank financing agreement, which will fund the country's digital connectivity, renewable energy, and road infrastructure projects.
The signing ceremony took place at the Mount Coffee Hydropower Complex, following President Boakai's inauguration of a newly completed 20-megawatt solar photovoltaic plant. The agreement was signed by Liberia's Minister of Finance and Development Planning, Augustine Kpehe Ngafuan, and World Bank Country Manager Georgia Wallen, with President Boakai in attendance. The agreement covers three major development initiatives. The second phase of the West Africa Regional Digital Integration Program (WARDIP 2) will provide $50 million to Liberia to expand broadband access, improve cybersecurity and digital governance frameworks, promote digital entrepreneurship and innovation, and advance e-commerce and digital payment systems. The Regional Emergency Solar Power Intervention Project (RESPITE) will receive an additional $57 million to increase the capacity of the Mount Coffee Solar Park from 20 megawatts peak (MWp) to 30 MWp, deploy battery energy storage systems, and upgrade the national grid. The Southeastern Corridor Road Asset Management Project (SECRAMP) will receive an additional $18 million to complete ongoing construction along a 100-kilometer section of the Ganta-Tappita corridor, aiming to improve connectivity in southeastern Liberia, reduce transportation costs, and enhance access to markets and basic social services. President Boakai stated that these investments align with the government's "ARREST Agenda for Inclusive Development," which will strengthen infrastructure, expand access to clean energy, accelerate digital transformation, and promote inclusive economic growth.
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