No Result
View All Result
Wednesday, June 7, 2023
21 °c
Tripoli
22 ° Thu
24 ° Fri
27 ° Sat
23 ° 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 Libya

Massive LD 50-billion development of Tobruk unveiled; railway to Sudan to be built

byMichel Cousins
October 26, 2016
Reading Time: 2 mins read
A A
69
SHARES
301
VIEWS
Share on FacebookShare on Twitter

By Libya Herald reporter.

Tripoli, 26 October 2016:

Beida-based Prime Minister Abdullah Al-Thinni has announced major plans for the development of Tobruk. There will be a new deep water port which will be the largest in Libya, a new commercial new airport, also to be the largest in the country, and a railway heading south to Sudan.

The three projects, which will are budgeted at LD 50 billion, will be built over a three-year period.

In addition, Thinni said in his interview with Al-Hadath TV, there are plans for 10,000 new housing units, a 300-bed hospital and development of the new university.

RELATED POSTS

Top law firm joins new British Libyan Business Association

An academy with a difference in Tripoli

Funding for the three projects will come from a consortium of Chinese investors, he explained. He did not name them but on this scale they would have to be Chinese state-owned enterprises.

The contracts will be on a Build, Operate and Transfer (BOT) basis with transfer taking place after 20 years.

Other projects elsewhere will also be built on the same BOT terms, he added.

The projects will turn Tobruk, already a main oil terminal, into a major commercial hub to rival if not outstrip Misrata. The plan is seen as a financial “thank-you” to the town, the seat of the House of Representatives (HoR), for its political support both to the HoR and the Beida government.

The announcement indicates a significant development in commercial relations with China. Although it is not known which Chinese companies will be involved, Chinese constructors such as the China State Construction Engineering Corporation (CSCEC), have been holding out for compensation for losses incurred as a result of the 2011 revolution. Successive Libyan governments since 2011 have refused to countenance compensation but have offered to offset Chinese losses with new, additional contracts.

In something of a breakthrough two and a half years ago, CSCEC agreed to resume work on 20,000 housing units in Benghazi in return for being given the additional contract for the infrastructure work. In the event, however, the security situation prevented any work being carried out.

As to the railway project, it represents something of a coup for Beijing. In 2008, the China Railway Construction Corporation (CRCC) was awarded the contract to build the Ras Jedir-Sirte section of Libya’s new railway network as well as the 800-km line from Misrata to Wadi Shatti north of Sebha, an area rich in iron ore deposits.

Russian Railways was given the contract to build the line between Sirte and the Egyptian border.

Since the revolution all work has been suspended.

So far, there have been no statements in Beijing about the new projects. Nor is it clear where the new railway will link with the Sudanese network. The nearest track to the Libyan border is 1,000 kilometres away and current Sudanese development plans do not include laying track towards the border.

The development of the new University of Tobruk, hived off from the Beida-based Omar Mukhtar University, has already started. Plans for the new campus were unveiled at the end of July.

 
Tags: LibyaSudanTobruk
Share28Tweet17Share5

Related Posts

Libyan PM Aldabaiba leads high level ministerial delegation to Rome: multi-sector MoU’s signed
Libya

Libyan PM Aldabaiba leads high level ministerial delegation to Rome: multi-sector MoU’s signed

June 7, 2023
Audit Bureau critical of mismanagement and corruption in electricity sector
Libya

Audit Bureau evaluates the performance of embassies abroad and lawsuits filed against the Libyan state

June 6, 2023
AMLY School is offering an innovative approach to learning in Libya
Libya

AMLY School is offering an innovative approach to learning in Libya

June 5, 2023
Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Members of illegal organizations given imprisonment and death sentences by Misrata Criminal Court

May 30, 2023
State recognised militia and Libyan Army clash in central Tripoli
Libya

State recognised militia and Libyan Army clash in central Tripoli

May 29, 2023
FDCC destroys non-conforming shipments of medicines, calls on suppliers to respect Libyan health standards
Libya

FDCC destroys non-conforming shipments of medicines, calls on suppliers to respect Libyan health standards

May 29, 2023
Next Post

Row between Serraj and the CBL's Elkaber deepens as public anger rises

Fears of fresh fighting between Zawia and Wirshefana after slaying of three Zawia men

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • HB Group opens Apple authorised I-Shop reseller in Tripoli’s Siyahia

    HB Group opens Apple authorised I-Shop reseller in Tripoli’s Siyahia

    80 shares
    Share 32 Tweet 20
  • British Libyan Business Association and the Libyan Business Council sign MoU

    74 shares
    Share 30 Tweet 19
  • AMLY School is offering an innovative approach to learning in Libya

    66 shares
    Share 27 Tweet 16
  • State recognised militia and Libyan Army clash in central Tripoli

    257 shares
    Share 103 Tweet 64
  • Libya invites German companies to resume their projects and invest in Libya

    52 shares
    Share 21 Tweet 13
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

Libyan PM Aldabaiba leads high level ministerial delegation to Rome: multi-sector MoU’s signed

The Restaurant and Food Show – Benghazi 2 to 5 October

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?