4 Hrs
Source:
عين ليبيا
Source: عين ليبيا
4 Hrsعين ليبيا
Source: عين ليبيا
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The coastal “Peace Road” project, stretching approximately 1,750 kilometers between the Egyptian and Tunisian borders, has returned to Libyan-Italian negotiations, with discussions focusing on changing its route, dividing it into phases, and issuing new tenders. This follows the termination of the contract with Webuild for the first phase, which covers about 400 kilometers, after contractual and financial disputes. The proposed contract value had risen from approximately €940 million to €2.4 billion, and work never began. In western Libya, the completion of bank-guarantee procedures and the disbursement of an initial funding installment are awaited so that Todini can begin work. The project’s future, however, still hinges on resolving questions over financing, contracts, and the final route, after years of delays dating back to the 2008 treaty.
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