Building on its achievements in Benin, Marsa Maroc is advancing its African expansion by establishing a strategic presence in Liberia. The Moroccan port management company, renowned for its expertise, has signed an 18-month memorandum of understanding with Liberia’s National Port Authority (NPA). This ambitious partnership is set to modernize and enhance Liberia’s port infrastructure, with two significant projects at its core.
Modernizing Monrovia’s port with a multi-purpose terminal
One of the partnership’s main projects focuses on developing a new multi-purpose terminal at the Port of Monrovia. Created under a public-private partnership (PPP) framework, this terminal will accommodate a broader range of goods, including dry bulk and general cargo. The new infrastructure aims to increase the port’s efficiency and capacity, positioning it to better meet the growing demands of international trade.
Upgrading Buchanan’s port facilities
In Buchanan, Liberia’s third-largest city, Marsa Maroc will take on the task of upgrading the existing multi-purpose terminal. This extensive project involves designing, building, financing, and managing new infrastructure to facilitate cargo handling, thereby supporting the economic growth of the region. By investing in modernized facilities, Marsa Maroc aims to enhance the port’s operations and capacity, bolstering Buchanan’s role as a regional trade hub.
A path to long-term collaboration and strategic development
The memorandum of understanding includes a detailed evaluation phase of Liberia’s current port operations, a transfer of knowledge and expertise between Marsa Maroc and the NPA, and the finalization of concession agreements. The ultimate objective is to transform Liberia’s ports into key logistical hubs in West Africa, following Marsa Maroc’s success in managing Terminals 1 and 5 at the Port of Cotonou in Benin.
This project aligns with Marsa Maroc’s broader strategy to reinforce its presence across Africa and contribute to the modernization of the continent’s port infrastructure. By investing in Liberia’s port facilities, Marsa Maroc is not only extending its operational footprint but also playing a pivotal role in developing efficient, high-capacity ports that could be vital to regional and international trade.
