Monrovia- Grand Bassa Electoral District #3 lawmaker Representative Matthew Joe has written a plenary on the ‘APM Terminals increases tariffs on all-cargo services by 9.67%’.
 
According to the communication “ the 9.67% increment by APM Terminals is the new handling charge which is equated to (US$18.28 cents). This means, for example, to free a 20ft container within the storage free time which used to be (US$ 189) would now be (US$ 207). This increment is happening when the economy is in a downward trend “.
The communication furthered “ according to the APM Terminals concession agreement section 7.07, subsection C, gives the concessionaire the sole authority to increase tariff annually based on what the concession agreement referred to as inflation index”.
 
COMMUNICATION FROM REPRESENTATIVE MATTHEW JOE
Hon. Dr. Bhofal Chambers
Speaker
House of Representatives
Capitol Building, Capitol Hill
Monrovia, Liberia
Dear Hon. Speaker:
I present profound compliments and in the same vein wish to bring to the attention of this august body, January 5, 2021 edition of Frontpageafrica headline which reads “APM Terminals increases tariffs on all-cargo services by 9.67%”. The 9.67% increment by APM Terminals is the new handling charge which is equated to (US$18.28 cents). This means, for example, to free a 20ft container within the storage free time which used to be (US$ 189) would now be (US$ 207). This increment is happening when the economy is in a downward trend. According to the APM Terminals concession agreement section 7.07, subsection C, gives the concessionaire the sole authority to increase tariffs annually based on what the concession agreement referred to as the inflation index.
 
Hon. Speaker and Distinguished Colleagues, it will interest you to know that APM Terminals has financially benefited more than the Republic of Liberia. According to APM Terminals financial report which was also accentuated (emphasized) by the Managing Director of the National Port Authority, Hon. Bill Twehway, that the APM Terminals made a windfall profit of (US$ 45, 757, 47) in 2018. Of this amount, the government of Liberia received from APM Terminals (US$ 7, 950, 212) as a remittance.
 
If you subtract what the government of Liberia received, you will realize that APM Terminals walked away with a whooping (US$ 37.8 million) in 2018. Furthermore, APM Terminals also made another huge profit of (US$ 46, 563, 230) in 2019. Of this amount, APM Terminals remitted to the government of Liberia an amount of (US$ 9,000,000). So, this means, APM Terminals walked away with (US$ 37.5 million) as profit.
 
Hon. Speaker and Distinguished Colleagues, APM Terminals has made windfall profit at the detriment of the Liberian people. And if I begin to enumerate all of the profits APM Terminals had made beginning 2010 up to the present, there will be no luxury of time.
 
This is frustrating and embarrassing. It is a known fact that some Liberian importers are diverting their containers to Guinea, and other nearby countries due to the exorbitant nature of clearing containers at the National Port Authority. As we have resumed our 4th session, I beseech the acquiescence of my esteemed colleagues to comprehensively review and subsequently amend the APM Terminals concession agreement in the interest of the Liberian people.
 
In view of the aforementioned, I am humbly requesting plenary to invite the Management of APM Terminals, as well as the Managing Director of the National Port Authority, to show cause if any, on tariff increment, especially when the economy is struggling. Secondly, the NPA should tell this body why clearing a 20ft and 40ft containers are very expensive at our port of entry than in other countries in the sub-region.
 
With sentiments of my highest esteem, I remain.
Sincerely yours,
Hon. Matthew Joe
Representative
Electoral District #3
Grand Bassa County.

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