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Home Business

HIB finalizes Zliten LD 665-million utilities contract with Punj Lloyd

byMichel Cousins
April 13, 2014
Reading Time: 1 min read
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HIB finalizes Zliten LD 665-million utilities contract with Punj Lloyd

Libya's Housing and Infrastructure Board (HIB) is organising a real estate forum in Tunis this month.

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By Naom Alkhosi.

The Housing and Infrastructure Board (HIB).
The Housing & Infrastructure Board (HIB).

Tripoli, 10 April 2014:

The Housing and Infrastructure Board (HIB), part of the Ministry of Housing . . .[restrict]and Utilities, and Indian construction and engineering company Punj Lloyd have signed the final agreement on a LD 665-million deal to design and install infrastructural facilities in Zliten.

This project involves water systems, including the supply of water, drainage, sewerage and water treatment plants; the supply of electricity, gas and telecommunications; and other facilties including some 300 kilometres of roads and pavements.

The project covers some 2,400 hectares, almost the entire area of Zliten.  It will take two years to implement.

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Work will start shortly, Punj Lloyd’s General Manager in Libya, E.V.J. Shabu told Libya Herald.

According to the former head of Zliten Local Council, Abdelmoneim Al-Sarri, the project was approved by the Audit Bureau at the end of June last year. However, there were further formalities needing to be completed.

The project is Punj Lloyd’s largest in Libya, according to Shabu.  It is currently working on five housing projects in the country – two in partnership with local companies, at Arada (near Suq Al-Juma) and worth LD 258 million, and in Suq Al-Juma itself, worth LD 343 million. The other three are at Zuwara (value LD 308 million), Rigdaleen (value LD 457 million), Al-Jmail (value LD 88 million).

The five would be finished within three years, Shabu said. [/restrict]

Tags: featuredHIBLibyaPunj LloydZliten
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