HPX has congratulated President Joseph Boakai on issuing Executive Order No. 136, which establishes Liberia’s National Railway Authority. The order, signed on October 10, demonstrates Liberia’s commitment to developing nationally owned rail infrastructure accessible to multiple users under a transparent, user-pay system.
The new framework set out by the Executive Order will see Liberia’s railway infrastructure owned by the government but independently managed by providers selected through an open and competitive process. The National Railway Authority will oversee the system, ensuring fair and efficient access for all users.
HPX, a leading American exploration and development company, welcomed this critical development as it paves the way for the company to secure access to the Yekepa-Buchanan rail line. This is a crucial step in the future development of HPX’s Liberty Corridor project. Senior HPX management is currently in Monrovia to finalise the rail access agreement with the Liberian government, a key milestone for moving the Liberty Corridor project to its detailed feasibility study phase.
Bronwyn Barnes, President and CEO of HPX, praised the Liberian president’s leadership on the issue. ‘President Boakai is to be congratulated for addressing multi-user rail access with clarity and decisiveness through Executive Order No. 136,’ she said. Barnes further expressed HPX’s support for the creation of the National Railway Authority and its commitment to ensuring transparent access to the nation’s critical infrastructure.
Executive Order No. 136 also provides a clear regulatory framework that will support the development of the Liberty Corridor. Once the HPX rail access agreement is finalised, the financial framework for the project will be in place, enabling it to progress quickly into the feasibility study phase.
HPX, which has already completed several technical studies for the Liberty Corridor, anticipates swift progress with the backing of interested financial partners. The company is focusing on developing high-grade, long-life iron ore projects in Guinea and Liberia.
