MONROVIA โ The National Port Authority (NPA) has accused ArcelorMittal Liberia (AML) of refusing to pay royalties for its use of the Port of Buchanan, potentially costing the government millions in lost revenue.
NPA Managing Director Sekou Hussein Dukuly revealed that AML has been operating at the port for years without paying any fees, sparking outrage over the apparent breach of financial obligations.
Speaking on Punch FM Liberia Monday, May 19, Dukuly also criticized the idea of making Buchanan Port autonomous, stating itโs not the right approach due to the portโs current liabilities and limited economic benefits.
The accusation by the National Port Authority (NPA) against ArcelorMittal Liberia regarding the refusal to pay royalties for the usage of the Port of Buchanan is a significant issue that could have serious implications for both parties involved, as well as the local economy.
The NPAโs boss claim suggests that the government is missing out on potentially millions of dollars in revenue. This could impact public services and infrastructure development in the region.
โIf the matter escalates, it could lead to legal action between the NPA and ArcelorMittal, resulting in potential court costs and further financial implications.
Accusations of this nature may deter other potential investors if they perceive that there are unresolved disputes or a lack of regulatory compliance in Liberia.
If the port operations are affected by disputes, it could influence local job availability and economic stability in the affected areas.
In another development, MD Dukuly said Liberia has taken a major leap toward transforming its maritime and trade infrastructure with the official signing of a landmark port modernization agreement with Tanger Med Engineering, the technical subsidiary of Moroccoโs globally renowned Tanger Med Port Authority.
He said the agreement formalized today in Tangier paves the way for the full-scale implementation of a comprehensive Master Plan for the Freeport of Monrovia and the Port of Buchanan.
According to him, the transformational deal, led by the National Port Authority (NPA) under the stewardship of Managing Director Dukuly, aligns directly with President Joseph Nyuma Boakaiโs ARREST Agenda for Inclusive Development, particularly in the pillars of infrastructure renewal, regional integration, and sustainable economic growth.
The Master Plan, the result of months of intensive technical collaboration, outlines a phased, future-focused redevelopment of key port assets.
These include the modernization of container terminals, cargo berths, and warehousing systems, as well as the deployment of smart logistics platforms, advanced security infrastructure, and green energy solutions. Dredging and expansion works will also enhance the portsโ ability to accommodate larger vessels and increase trade volumes, improving Liberiaโs competitiveness along West Africaโs maritime corridor.
