No Result
View All Result
Monday, July 7, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

First post Revolution passenger bus rolled-out by the Libyan Truck and Bus Company

bySami Zaptia
May 6, 2012
Reading Time: 2 mins read
A A
First post Revolution passenger bus rolled-out by the Libyan Truck and Bus Company

Tripoli, 6 May:

The first post revolution bus rolls out of the Tajoura factory

The Ministry of Industry celebrated today, Sunday, the complete manufacture of the first post-17 February  Revolution passenger bus by . . .[restrict]the Truck and Bus Company, based in the Tajura Industrial Zone on the eastern outskirts of Tripoli.

The celebration was attended by the Undersecretary of the Ministry of Industry, the Undersecretary of the Ministry of Economy, the Director General of Customs, the General Manager of the Tax Department, and a number of departmental directors of the Truck and Bus Company, as well as a number of employees of the company.

The company Manager, engineer Mohammed Andulsy, said that the bus was completely Libyan designed and manufactured and enjoyed international specifications having a capacity of 49 passengers and a 450 bhp engine and has the most sophisticated options.

He pointed out that the expected use for this bus will be the transport of passengers between the sprawling areas in Libya because of the comfort for travelers that the bus offers.

RELATED POSTS

China’s Hanzo Motors to establish its first car factory in Benghazi, Libya

Op-Ed: Libya’s Missing Link – Why Data is the Key to Reform While Preventing a Public Backlash

For his part, the Bus Factory Manager of the company said the bus is very modern and can be used in the transfer of tourist groups to different areas in Libya as it is equipped with both TV and radio, a very high quality air condition system and can hold ample luggage.

It is worth noting that the Ministry of Transport had put out a tender a few weeks ago for companies to bid for the supply of public transport buses for Libya (see Tenders section in Libya Herald). However, the deadline published was subsequently postponed without giving any reason. It is believed that the Libyan factory wanted more time so as to give it a better chance to bid for part of the tender.

The Truck and Bus Company has had a long-standing agreement to assemble trucks and buses with the Italian company IVECO, and is probably better know for the thousands of IVECO ‘Daily’ white micro buses that carry most of Libyan passengers all over Tripoli.

The speedy production of the first post revolution bus by the local factory could be seen as an attempt by it to save itself from closure as it tries to prove that it can survive purely on a business bases.

It is to be recalled that many, if not most, of the state-owned enterprizes have been loss-making operations for decades under the previous regime and were in the process of liquidation and closure. They were seen as sources of corruption, job formation and a means of hiding unemployment.

There is no doubt that both the present Transitional Government and the post-election Temporary Government will be under immense political pressure to keep the factory going in order to create jobs for the masses of unemployed Libyan youth. However, it remains to be seen if the factory is able to operate profitably and if it is able to compete with Far Eastern imports – without any subsidies? [/restrict]

Tags: busescompetitiveeconomyemploymentfactoryFar EastfeaturedindustryIVECOjobsLibyan Truck and Bus Companymanufacturesubsidiestrucksunemployment

Related Posts

CBL receives results from meetings with international banks
Business

A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

July 2, 2025
Libya Herald exclusive: Responding to the prime minister’s call yesterday to the private sector and banks to do more, leading businessman Husni Bey responds
Business

Op-Ed: Reputational Damage Is Worse Than Losing Money

July 2, 2025
Benghazi port receives 398 containers of mixed goods, 25,000 tons of wheat, 28,500 tons of barley and 6,000 tons of cement
Business

All imports into Libya must be paid for through official bank transactions

July 2, 2025
World Bank holds off on Tunisian $50m power plant fund; implications for Libya
Business

Libya’s economy showed recovery in 2024, remained resilient despite reliance on hydrocarbons and ongoing political and security instability: World Bank

July 1, 2025
CBL receives results from meetings with international banks
Business

CBL demands imports are conducted through official banking instruments and the elimination of the FX black market

July 1, 2025
Harouge Oil reaches record 45,000 bpd production – to increase it by 25,000 bpd
Business

Harouge Oil Operations Company replaces Al-Ghani field pipeline

July 1, 2025
Next Post

Tourism a priority investment area - Communications and Transport Minister

Election observers organised

ADVERTISEMENT

Top Stories

  • Libya Herald exclusive: Responding to the prime minister’s call yesterday to the private sector and banks to do more, leading businessman Husni Bey responds

    Op-Ed: Reputational Damage Is Worse Than Losing Money

    0 shares
    Share 0 Tweet 0
  • CBL demands imports are conducted through official banking instruments and the elimination of the FX black market

    0 shares
    Share 0 Tweet 0
  • All imports into Libya must be paid for through official bank transactions

    0 shares
    Share 0 Tweet 0
  • Libya’s economy showed recovery in 2024, remained resilient despite reliance on hydrocarbons and ongoing political and security instability: World Bank

    0 shares
    Share 0 Tweet 0
  • A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

Op-Ed: Reputational Damage Is Worse Than Losing Money

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.