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Home Business

Bashagha government signs cooperation agreement with Chinese Railways company, BFI and British consultants Arup

bySami Zaptia
May 13, 2023
Reading Time: 1 min read
A A
Bashagha government signs cooperation agreement with Chinese Railways company, BFI and British consultants Arup

Bashagha government signs cooperation agreement with BFI consortium, Chinese Railways company and British consultants Arup (Photo: Bashagha Libyan Government).

The Ministry of Investment of the eastern-based and House of Representatives recognised ‘‘Libyan Government’’ led by Fathi Bashagha signed a cooperation agreement to implement investment projects with the BFI Co. Consortium, the China Railways International Group Company (CRI – a subsidiary of China Railway Group Ltd – CREC), and the British Arup International Engineering Company.

The agreement entails the implementation of reconstruction projects in Libyan cities, in the fields of roads, transportation and hospitals.

A source at the Tripoli-based Libyan Railways told Libya Herald that the agreement is a unilateral agreement signed between the commercial parties and the Bashagha government. It has nothing to do with Libyan Railways or the Tripoli-based Aldabaiba government. It is also not receiving any funding from any Tripoli entity.

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Tags: Arup engineeringBFI consortiumChina Railway Group Ltd (CREC)China Railways International Group Company (CRI)Chinese Railwaysfathi bashagha prime minister 1 March 2022

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