MONROVIA, LIBERIA-The US Embassy near Monrovia has issued a statement welcoming the signing of a concession and access agreement between US-owned Ivanhoe Atlantic and the Liberian Government.

According to the US Embassy release, the estimated $ 1.8 billion deal is a crucial step towards President Joseph Boakai’s objectives of developing Liberia’s multi-user rail policy and securing new international investment.

The Embassy’s release noted that the US is driving mutual prosperity and supports Liberia’s move from aid to trade.