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

  • Costly tag for Arnhem crossing
    May 30, 2012
    THE CONSTRUCTION of the crossing for the A15 highway near Arnhem in the Netherlands now looks likely to cost up to €1 billion. It is required to reduce traffic density on surrounding minor roads and improve connections through to neighbouring Germany. The project was originally estimated to cost €750 million, of which the regional partners are to pay €112.5 million. A further €262.5 million is to be raised from tolls. However, this budget does not provide for the option, which includes a tunnel under the Pa
    Read More
  • CECE Summit 2020: a shift in mindset needed
    January 29, 2020
    Digitalisation and sustainability focused minds at the recent biennial CECE Summit in Brussels
    Read More
  • Cost increases for major Chilean highway project
    November 15, 2013
    The cost of Chile’s Vespucio Oriente highway project is increasing, while its completion also looks set to be delayed. A 13% budget increase is now required due to additional costs from a number of factors such as urban landscaping, according to Business News Americas. The Américo Vespucio Oriente (AVO) expressway is being built in Chilean capital Santiago and was originally expected to cost in the region of US$940 million. However Chile’s Public Works Ministry, MOP, has said that the route will now cost so
    Read More
  • Key Canadian interchange
    March 21, 2012
    In Canada Transport Quebec is using stringent requirements to ensure that the planned Turcot Interchange reconstruction project stays within budget and is completed on scheduled by 2018. This US$2.95 billion (C$3 billion) project includes replacing the Montreal West, Turcot, Angrignon and De La Verendrye interchanges as well as portions of the 720, 15 and 20 Highways.
    Read More

Highlighted Content