Chinese-led foreign consortium to invest and implement Tripoli metro and bus network

News

August 2019 – Ali Issawi, the Economy Minister aligned to the Faiez Serraj-led Presidency Council and Government of National Accord, yesterday announced a Chinese-led consortium is considering implementing Tripoli’s metro (subway/underground) and bus network.

It was claimed by Minister Issawi that this would be done ‘‘without any Libyan sovereign financial guarantees or spending’’. This claim has already been questioned.

At the announcement yesterday it was revealed that the Serraj administration had reviewed the idea of implementing the Tripoli subway project and the bus network that complements it, with a view of encouraging foreign investors – without the need for sovereign guarantees or commitments from the Libyan government.

During a power point presentation to a large gathered audience of Libyan and foreign concerned parties, the project and its impact on the national economy was explained, and it was claimed that despite Libya’s current circumstances, investors had expressed ‘‘interest and confidence in Libya’s promising future’’.

The power point presentation had included the outline of the project including four underground lines and a bus network. An above ground public bus network and their associated infrastructure projects were also reviewed, including sewage networks, data transmission cables and electricity, in addition to detailing the proposed timetable for implementation.

The Tripoli government said that the project will create about 40,000 new direct jobs and the training of approximately 12,000 trainees in the initial stages.

At the end of the meeting with the foreign partners, it was agreed to form a technical committee from the relevant authorities to address the rest of the technical details and provide a practical roadmap for the implementation of the project.

News & Updates

Fantastic news, let’s hope it becomes reality!

Libya plans to launch vast reconstruction program with int'l support: minister - Xinhua | http://English.news.cn http://www.xinhuanet.com/english/2019-11/12/c_138547321.htm

Let’s hope this has some positive outcomes!

Morocco hosts 1st Libyan investment economic forum - Xinhua | http://English.news.cn http://www.xinhuanet.com/english/2019-11/12/c_138547263.htm

So many meetings with so little outcome... I have never ever come across such an ineffective and futile leadership. No wonder the genuine good people of Libya despair!

LIBYA NEWS AGENCY(lana) https://lana-news.ly/art.php?id=157843&lang=en&p=1

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