The contract will see the company provide screening services at the Monrovia Freeport for an initial period of 10 years
Westminster Group PLC (LON:WSG) said it has been awarded a long-term managed service contract to provide port screening services at the Monrovia Freeport in Liberia.
The security solutions provider said the contract had been awarded by the Liberian government to a consortium led by Medtech Scientific Ltd from the United Arab Emirates, which in turn had entered into a contract with Westminster to provide port screening services for an initial period of 10 years from July 1, 2021.
Westminster said the contract is expected to generate around US$1.1mln in revenue in the first 12 months of operation, adding that under the deal it will provide screening systems, warehousing and infrastructure to undertake screening and intrusive search of selected import containers, maintain and operate the systems and provide comprehensive training services to customs and other staff.
The entire deployment phase of the project is expected to be completed within 18 months, Westminster said, adding that it will have a presence in Liberia from July 1 and will begin manual inspections and screening services from September.
The company also said that initial deployment expenses will be satisfied from existing resources, however, it said it will continue to monitor funding requirements and options to ensure it has adequate financing in place to deal with the anticipated expansion of services amid a pipeline of multiple other potential contracts.
“Following our announcement yesterday of a 20+ year multi-million USD managed services contract for airport security, I am delighted to be able to announce yet another long-term port security managed services contract, particularly in West Africa where we already have a strong presence, and I am equally pleased this new contract opens up another new country for our operations,” Westminster chief executive Peter Fowler said in a statement.
“I know the Liberian authorities are very keen on capacity building, education and skills enhancement and I believe the services we offer, not just our technical expertise but our training and support services together with our community support programmes via the Westminster Group Foundation, will greatly benefit the country.
“This latest new contract win further demonstrates Westminster’s global reach and our ability to secure business in new territories and is a testament to the hard work and dedication of our business development teams around the world who have been working hard through the challenging conditions and travel restrictions created by the global pandemic.
“This particular contract is as a result of more than two years activities. A key goal we had set for the company in 2021 was to secure at least one more large-scale managed services contract and so to have now secured two such contracts in two days is most encouraging,” the CEO added.
Source: Proactive Online