Libyan highway deal for Italian team?

An Italian consortium looks to be a front runner for a major highway project in Libya.
March 5, 2012 Read time: 1 min
An Italian consortium looks to be a front runner for a major highway project in Libya. The highway would connect Libya with its neighbours Tunisia and Egypt. The consortium includes Italian firms 3611 Saipem (which heads the partnership), Maltauro, Maire Tecnimont and Rizzani de Echer. The value of the project has not so far been released but given the length of the highway that will be required to connect Tunisia and Egypt through Libya it is likely to be a multi-billion US$ deal. This development follows the announcement of further agreements between the Italian and Libyan leaders over planned highway construction projects.

For more information on companies in this article

Related Content

  • The authorities in Sri Lanka are looking for tenders for a new expressway
    May 4, 2012
    The Sri Lankan Government is seeking private investment to help develop its new expressway project, which will boost connectivity between capital Colombo and other major conurbations. The expressway will cost some US$1.5 billion to construct and the authorities have already had interest shown in the project by investors from China, Malaysia and South Korea. The 98km Colombo-Kandy section of the project is expected to cost $1 billion to construct. The route will be tolled and the deal will be offered under a
    Read More
  • Kuwait fund KFAED to contribute to greater Tunis X20 ring road
    March 18, 2015
    The Kuwait Fund for Arab Economic Development (KFAED) is to contribute US$28.5 million towards the X20 ring road of greater Tunis, according to a report in L'Economiste Maghrébin. An agreement was signed on 17 March between Yassine Brahim, the Tunisian minister for development, investment and international cooperation, and Ahmed Al Badr, the managing director of KFAED. World Highways reported in June 2013 that the government was moving ahead with plans for the 80km ring road expected to cost around $365 mil
    Read More
  • Key road links being built in Algeria
    April 12, 2013
    In Algeria, a series of road projects are underway, as well as in neighbouring Tunisia. A key development in Tunisia is that work is ongoing for an 80km stretch of highway that will connect with Algeria’s East-West Highway. This will further elevate the importance of the East-West highway in Algeria as it already connects with new links in Morocco. The new section in Tunisia will be the next step in this northern route providing connectivity right across North Africa. When the entire 5,600km route is comple
    Read More
  • Mountain View Partners to start on Calgary’s Southwest Ring Road
    July 19, 2016
    Preliminary utilities work is set to begin in September on the last section a ring road around the Canadian city of Calgary. The Calgary Herald newspaper quoted the Alberta provincial infrastructure and transportation minister Brian Mason saying that the project is on schedule. He said “everything is going as planned … It’s important that we keep on top of this and it’s important that we keep it moving forward and so far we’re doing just that.” The public-private-partnership project for the southwest
    Read More

Highlighted Content