FROM:   Hon. Mitalda Parker
                Managing Director of National Port Authority

Welcome to the National Port Authority of Liberia, the Gateway to Liberia’s Economy. This report summarizes highlights from Fiscal Year 2010, a distinct year for us.

As a team, we focused our efforts on transitioning to a landlord port model by consummating the APM Terminals Concession Agreement, and the rehabilitation of our outports. Some of our key accomplishments were as follows during the period under review:

FINANCE

• Revenue earned was US$18.785 Million, which is US $0.416 Million higher than revenue realized in 2009.
• Total Expenses, including depreciation, was 6% lower than budget.
• Net Profit was higher than budgeted Net Profit by US$0.819 Million.
• Net Profit for Fiscal Year 2010 is US$2.361 as compared to
• 2009 profit of US$1.484 Million, resulting in a 59% increase over 2009.

• Achieved ISPS (International Shipping Port Standards) Compliancy in Monrovia and Buchanan in March 2010. 
• We also began the Port Facility Security Assessment (PFSA) / Port Facility Security Plan (PFSP) process for the
• Port of Greenville to achieve the same in 2011.
• Enhanced lighting throughout the Freeport of Monrovia and the Port of Buchanan, and along their shoreline utilizing generators. We now have city power at the headquarters, and have a commitment from the Liberian Electricity Corporation (LEC) to have electricity throughout the Port by 2011.
• Installed CCTV and cameras throughout the ports of Monrovia and Buchanan, along with CNN and ASI (Vessel Monitoring Software) in the Port of Monrovia. The CCTVs and cameras are monitored 24 hours a day.
• The roads in the Port of Monrovia did not allow a flow of traffic end-to-end. We have created a new road which connects the main port to the north side (of the port) to allow improved operations and security patrol.
• Completed the repair (with gravel) of port roads (outside concession areas) in the Freeport of Monrovia, to enhance the ability of our foot and vehicle patrols.
• The 2010 Access Passes were redesigned with security features to avoid recreation.
• Documented a process and began partnering with other Law Enforcement Agencies on various types of emergencies.
• Placed various traffic and safety control signs throughout the Freeport of Monrovia and the Port of Buchanan.

• Vacated the warehouses on the marginal wharf, for demolishment during the reconstruction of the Marginal Wharf beginning 2011.
• Conducted quarterly Port User Meetings as a medium of communicating with Port Users. We are in the process of changing this frequency to once a month.
• Partnered with the Ministry of Transportation and Liberia National Police to develop and enforce standards for all vehicles entering into the Port of Monrovia.
• Deployed biometrics in the Freeport of Monrovia and the Port of Buchanan to allow for the monitoring of everyone in and out of the Port.
• Purchased a Fire Truck, fire extinguishers and other equipment for the Port of Buchanan.
• Completed Zoning in the Freeport of Monrovia to restrict all from access to areas outside of their job responsibility or their operations.
• Disaster Recovery & Emergency Preparedness Plans have been developed and implemented to recover and/or protect citizens, employees and port asset during a potential disaster at the port.
• Signed the Memorandum of Friendship and Trade cooperation with the Port of Georgia to increase trade between the two ports.
• First cruise ship (MV Corinthian II) came to the Port of Monrovia in April 2010, exhibiting international confidence. The MV Logo (book ship) arrived in early August 2010 with 400 passengers.
• The cost of shipping a container to the Freeport of Monrovia dropped approximately US$1,500 as the result of the removal of the risk insurance due to ISPS.

MATILDA  PARKER

MANAGING DIRECTOR