PALM BAY EXPANSION AREA
Palm Bay Plantation – Location & Access
The Palm Bay Plantation is located 160km south east of the Liberian capital of Monrovia, in Grand Bassa County. Road access is via the main road from Monrovia to Buchanan followed by a secondary laterite road from the Buchanan port inland to the plantation.
The road quality and access times are as follows:
- Monrovia to Buchanan is 130 km, and takes approximately 2 hours drive on a sealed road which has good all weather access.
- Buchanan to Palm Bay is 30 km, and takes approximately a 1 hour drive on a former logging, gravel road which has moderate access.
Access to the Palm Bay Plantation through the Port of Buchanan will be an important alternative to the Monrovia road access. In its current condition, the port is unable to accept the large commercial vessels for which it was designed but it is expected that this will be improved as Arcelor Mittal and other businesses in Grand Bassa county continue to invest.
The following is a map of the Palm Bay Plantation and surrounding area:
The Company is working with a local surveying firm, Earthcons, to survey and accurately map the Palm Bay Plantation. Under the terms of the Palm Bay Investment Agreement, once finally surveyed, the plantation maps of the Palm Bay Plantation will form an annexe to the Palm Bay Investment Agreement.
The Palm Bay Plantation benefits from its close proximity to the Port of Buchanan facilities. LFPI [previously operated] a CPO storage tank within the Port of Buchanan.3 It is the intention of the Company to re-establish facilities at the port.