Liberia: LTM Keeps 70 Percent of Traffic Revenue, Government 30 Percent, Senate Opens Probe

Liberia: LTM Keeps 70 Percent of Traffic Revenue, Government 30 Percent, Senate Opens Probe

MONROVIA -- The Senate will question the Ministry of Finance and Development Planning and the Liberia Revenue Authority next Thursday over the government's earnings from its contract with Liberia Traffic Management, after Lofa County Sen. Momo T. Cyrus said the deal hands the company 70% of the revenue and warned he would support no government in 2029 that keeps it in place.

SENATOR CYRUS CALLS FOR CANCELLATION OF TRANSPORT MANAGEMENT CONTRACT OVER REVENUE CONCERNS

MONROVIA, LIBERIA — Senator Momo Cyrus, Chair of the Senate Committee on Defense, Security and Veteran Affairs, has called for a review or cancellation of the contract awarded to the Liberia Transport Traffic Management Company, citing concerns over the government’s share of revenue generated under the agreement. Speaking before the Senate plenary on Thursday, October […]