Concession Agreements

Concession refers to the grant of an interest in a public asset by the Government of Liberia or its agency to a private sector entity for a specific period during which the asset may be operated, managed, utilized or improved by the private sector entity. The entity pays fees/royalty under the conditions that the government retains its overall interest in the asset and the asset will revert to the government or agency at a determined time. No concessions are to be implemented without the issuance of a Certificate of Concession. Concessions are granted through the Public Procurement and Concessions Commission.

Objectives and Scope

Concession Agreements must promote one or more of the following:

  • Increased government revenue from concession.
  • Harnessing of private sector financial, human and technical resources for economic development.
  • Competition in the provision of services, supplies, goods or infrastructure and reduce monopolies.
  • Accelerate the development of infrastructure, human capacity and the provision of services.
  • The growth of the Liberian private sector.
  • Partnerships between the public and private sector.

Concessions are granted in all sectors including but not limited to:

  • Mineral exploration and mining
  • Fishing
  • Timber
  • Telecommunications
  • Electricity, water and other utilities
  • Forestry
  • Agricultural concessions including plantations
  • Oil exploration and extraction
  • Development of public infrastructures including but not limited to airports, terminals, toll roads/bridges, shopping malls, etc.
  • The grant of special licenses including licenses for imports, exports, services, works or for the performance of functions on behalf of the public sector
  • Other sectors as determined by the Minister responsible for economic Affaires

Disqualified Entities/Persons

The following entities are disqualified from participating in any Concession process:

  • Partnerships
  • Sole Proprietorships
  • Natural Persons
  • Non-for-profit entities and Non-Governmental organizations
  • Unincorporated Associations