KBC Global signs MoU with Liberia SEZ Authority - Check details

2 hours ago 1

Infrastructure steadfast KBC Global Ltd's subsidiary KBC International has signed an statement with Liberia SEZ Authority for the improvement of commercialized and residential projects worthy USD 12.5 cardinal (around Rs 105 crore).

Liberia SEZ Authority is processing commercialized space, residential and low-cost lodging projects successful a peculiar economical portion which is expected to beryllium completed wrong 3 years, KBC Global said successful a statement.

The task is expected to commence successful Q2 2025 and is expected to beryllium completed wrong 3 calendar years.

Last week, KBC Global announced that it successfully fulfilled its outgo work to Capri Global Capital Ltd and afloat regularised the default connected September 19, 2024.

The institution said it has entered into a favourable MoU with Capri Global Capital, securing a waiver of non-financial penal interest. As of today, the outstanding equilibrium with Capri Global Capital Ltd stands astatine Rs 13.50 crore.

Marking its introduction successful the Africa's infrastructure improvement market, KBC Global successful June bagged a USD 20 cardinal civilian engineering subcontract successful the brushed infrastructure conception from CRJE (East Africa) Ltd.

Liberia Special Economic Zone Authority is entity established by Government of Liberia nether Special Economic Zone Act 2017 having registered bureau astatine Layaette Harmon building, Lynch St, Monrovia, Liberia.

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