On Tuesday, December 3, 2024, a preliminary meeting was held to implement Cabinet Resolution No. (535) of 2024, which authorizes the Libya Africa Investment Portfolio to contract with specialized consulting firms to prepare economic, technical, and planning feasibility studies for the two transit road projects: the “Misrata – Tamanhint – Agadez” route and the “Benghazi – Kufra – Sudan” route.
The resolution also allows the Portfolio to offer the project for investment under a Build-Operate-Transfer (BOT) model or through a partnership with specialized national and international companies, following the approval of the technical and economic feasibility studies by the Minister of Transportation and the confirmation of the transit corridors’ routes.
The meeting took place at the office of the Minister of Transportation, Mr. Mohamed Al-Shahoubi, as the project falls under the supervision of the Ministry. Attendees included Mr. Mustafa Abufanas, Chairman of the Portfolio’s Board of Directors; Mr. Khalifa Al-Shaibani, Board Member; Mr. Radwan Al-Nafati, Director of Strategic Planning at the Portfolio; as well as the Head of the Land Transport Authority, the Deputy Director of the Alternative Road Management Center (Emsaed – Ras Ajdair), and the Advisor to the Minister of Transportation.
As part of the project preparations, dates were set for technical meetings between specialists from the Ministry of Transportation and the Libya Africa Investment Portfolio. These meetings will begin next Thursday and aim to form technical committees to determine the most suitable routes for the transit trade corridors. They will also evaluate the technical, financial, and legal stages of the railway network under the Railway Authority and study the potential to integrate it into the implementation of the transit corridors.
