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Tripoli, 12 August 2013:
Italy’s Salini Impregilo Group, leader of a consortium of Italian companies including “La Società Italiana per CONDOTTE d’Acqua” “Impresa . . .[restrict]Pizzarotti & C.”and “Cooperativa Muratori & Cementisti – C.M.C” will construct the first section of the new Libyan coastal motorway for a total value of approximately €963 million, it reported today.
The Salini Impregilo Group has a 58% share in the contract, while the project will create 2,000 jobs.
The contract, financed by the Italian government, includes a performance bond of 2% and an advance of 15% equivalent to €145 million. This Italian investment and the wider contribution of Italian industrial expertise will play a key role in relaunching the economy and driving employment in Italy, the statement read.
The new motorway will run across Libya for 1,700 kilometres, from the Tunisian border to the Egyptian border, and will be funded by the Italian government within the scope of the Friendship, Partnership and Cooperation Agreement signed Berlusconi and Qaddafi back on 30 August 2008 in Benghazi.
The first section of the coastal motorway, to be constructed by the Salini Impregilo Group, will run for approximately 400 kilometres from the city of Marj to Emsaad, on the Egyptian border. The most significant parts of the project include the construction of 12 bridges of 2.2 kilometres in length, 8 service areas and 6 parking areas.
The Salini Impregilo Group can boast a historic presence in Libya, where it has constructed a number of major infrastructure projects. These include the airports of Kufra, Benina, Misurata, Sirte and Sarir, the ports of Khoms and Marsa el Brega, the ministerial centres and buildings of the Libyan Parliament in Sirte, industrial complexes in the cities of Ras Lanuf and Misurata, and the Sewerage and Water Supply system of Benghazi.
As reported by Libya Herald recently, the Group is currently refurbishing the Kufra airport. Commercial and contractual negotiations are also significantly underway, the Group reports, with regard to other major projects in the Group’s order pipeline. [/restrict]
