No Result
View All Result
Monday, May 29, 2023
23 °c
Tripoli
22 ° Tue
21 ° Wed
22 ° Thu
22 ° Fri
  • 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

Libya awaiting Chinese team for railway talks

byMichel Cousins
February 28, 2013
Reading Time: 2 mins read
A A
Libya awaiting Chinese team for railway talks

The Chinese Rail Construction Company held talks with Libya's Rail Implementation Authority las week.

56
SHARES
244
VIEWS
Share on FacebookShare on Twitter
China Railway Construction Corporation

By Ahmed Elumami.

Tripoli, . . .[restrict]27 February 2013:

The government has approved the resumption of the railway project, according to the Minister of Transport, Abdel-Qader Mohamed Ahmed. He was speaking at a press conference yesterday, Tuesday during which he also revealed a study to transform the ports in Zawia and Khoms into the two largest in the country, linking Europe to Africa.

Explaining that he already had had talks with the Russians about restarting the railway project, Ahmed said that he was now awaiting the arrival in Tripoli of a Chinese delegation for talks on resuming their part in it.

The $12 billion scheme was split between Russian Railways (RZhD), tasked with building the line between Sirte and Benghazi, and the China Railway Construction Corporation (CRCC). The Chinese were awarded a contract in 2008 to build the line from Sirte to Khoms and then on to the Tunisian border at Ras Jedir.  The Chinese also won the contract to build the 800-kilometre line between Misrata and Wadi Shatti near Sebha.

RELATED POSTS

China’s Dahua Technologies presents its security and control products to Airports Authority

Misrata Free Zone launches data hosting centre to provide quantum leap in investor services

The railways project, which was thought to have been mothballed after the revolution, is now also being actively supported by Congress. A week ago its spokesman, Omar Hemidan, said that it had tasked its Communications and Transportation Committee to choose a president and vice-president for the railways implementation project.

Despite wanting to revive it, the transport minister yesterday warned the Russians and Chinese not to increase their original contract prices by claiming for compensation for the two-year delay, during which costs of construction materials significantly increased.

He said that Libya would pay the companies 50 percent of what they were owed if they restarted work again under the original terms, with the rest of the fees being paid in two further 25-percent tranches.

The same offer has been made to Chinese, Turkish and other companies involved in building housing and other projects, providing they drop compensation claims.    However, most have refused.

According to the minister, there is a Plan B if the Russians and Chinese refuse the railway offer. There is an alternative project with the Italians still on the table, he said, using Italian funds agreed as part of the 2006 $5 billion compensation deal for the Italian colonialisation of Libya agreed between Qaddafi and former Italian Prime Minister Silvio Berlusconi.

  [/restrict]

Tags: ChinaLibyarailwaysRussia
Share22Tweet14Share4

Related Posts

Expected Resumption of Commercial Activity of Libyan Merchants in Tunisia, while Two Tunisians Were Injured by a Nalut Local
Business

The Tripoli Libyan Ministry of Transport confirms development plan for Libya-Tunisia Ras Jedir border crossing

May 27, 2023
NOC condemns Friday’s Mitiga aviation fuel depot shelling, evacuates staff
Business

An instant 350 cylinder per hour cooking gas filling station opened in Jalo

May 27, 2023
NOC announces force majeure at Zawia port
Business

NOC completes strategic project to increase local gas supply and clean pipelines

May 27, 2023
Turkish business delegation meets Economy Minister Hwej: Invited to participate in state and private sector development projects
Business

Turkish business delegation meets Economy Minister Hwej: Invited to participate in state and private sector development projects

May 27, 2023
Libya’s Al-Ghazala Misrata Paints Factory opens first showroom in Niamey, Niger
Business

Libya’s Al-Ghazala Misrata Paints Factory opens first showroom in Niamey, Niger

May 25, 2023
Aldabaiba stresses need to activate agricultural projects in cooperation with private sector
Business

Acting Agriculture Minister Gatrani discusses cooperation with WFP

May 24, 2023
Next Post

Battalion chief survives assassination attempt

Russia backs Libya’s democratic transformation

Russia backs Libya’s democratic transformation

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU

    Tripoli Libyan government conducts drone strikes against criminal hideouts in western coast

    120 shares
    Share 48 Tweet 30
  • Libya loses US$ 5 bn annually due to illegal Tuna fishing within its territorial waters

    100 shares
    Share 41 Tweet 25
  • US Embassy in Tripoli announces easing of visa protocol: One-year multiple entry visas now replace three-month single-entry visas

    100 shares
    Share 55 Tweet 19
  • Libya and Austria discuss reopening airspace

    77 shares
    Share 34 Tweet 18
  • Tripoli-based Libyan prime minister opens 13th Libya Build displaying 260 exhibitors

    64 shares
    Share 26 Tweet 16
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

The Tripoli Libyan Ministry of Transport confirms development plan for Libya-Tunisia Ras Jedir border crossing

An instant 350 cylinder per hour cooking gas filling station opened in Jalo

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.

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

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Sign In with Facebook
    Sign In with Linked In
    OR

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Sign Up with Facebook
    Sign Up with Linked In
    OR

    Fill the forms bellow 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
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?