What are the basic details of your concession agreement?
As a major contributor to Liberia’s national prosperity, over the next 65 years, we envision developing approximately 500,000 acres of Oil Palm plantings and a support development of 100,000 acres of smallholder plantings. Alongside our agrarian work, we shall also develop port facilities, roads and bridges. Our manufacturing factories will process the palm fruit locally and will produce by-products that support the local Liberian economy. GVL is a responsible developer and investor and shall always operate in accordance with Liberian law, good agricultural practices and in adherence to the Roundtable on Sustainable Palm Oil (RSPO) Principles and Criteria. We will also adhere to our key investors’ Forest Conservation Policy and are committed to listening and responding to the needs of our host communities.
Do you expect to renegotiate the terms of the concession agreement?
We co-operate closely with the Government of Liberia and are always ready to provide guidance on any issue concerning our concession agreement. However, we do not expect any re-negotiation over the terms of our concession agreement.
When was your concession agreement signed?
We began exploring the possibility of investment in Liberia in 2009 and signed our concession agreement with the Liberian government in 2010.