Please note: you are viewing an old version of this deal. The current version can be found here: Deal #1393

Deal #1393 Version #53238

Liberia
Created at
2013-02-15
Last update
2013-05-30
Last full update
2023-06-27

Land area

Intended size
24 079 ha
Size under contract (leased or purchased area)
  • [2008, current] 35398.0 ha
Size in operation (production)
  • [2012, current] 1200.0 ha
Comment on land area
Allocation 13,962ha, expansion area 10,117ha, outgrower allocation 10,117ha

Intention of investment

Intention of investment
  • [current] Agriculture unspecified

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
50years total: 7 years rehabilitation, 43 years regular

Negotiation status

Negotiation status
  • [2008, current] Concluded (Contract signed)
Comment on negotiation status
Initial contract signed in 1965

Implementation status

Implementation status
  • [2008, current] Startup phase (no production)
Comment on implementation status
Started by Getty Oil in 1968

Leasing fees

Annual leasing fee
2
$
per ha
Comment on leasing fee
US$1.00/yr/developed ha, US$0.50/yr/undeveloped ha during rehabilitiation term (7 yrs). US$2.00/yr/developed ha, US$1.00/yr/undeveloped ha during regular term (43 yrs)

Contract farming

Contract farming
Yes
Not on leased / purchased (out-grower)
Yes
Not on leased area/farmers/households (out-grower)
  • [current] 10117.0 ha