African Development Bank offers support for Libya-Africa Transit Corridors Project
via Libya Herald4 min read
The African Development Bank AfDB has expressed a strong desire to support the Libya Africa Investment Portfolio LAIP's Two Transit Corridors Project. The AfDB's offer includes mobilizing international funding from donors to secure partial or full financing for the project's technical and economic studies and subsequent phases. This offer followed a meeting on May 6 between LAIP's High Committee for the project and an AfDB delegation led by Malin Blomberg, the Bank鈥檚 Deputy Director, at the Land Transport Authority of the Tripoli-based Libyan Ministry of Transport. The meeting highlighted the project's strategic importance and its potential to enhance transportation, logistics, and connectivity among African nations. Both parties agreed to continue coordination, cooperation, and the exchange of technical data to advance the project.
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The Benghazi Chamber of Commerce met with the Commercial Department of the Spanish Embassy to discuss potential economic cooperation, particularly in the agricultural sector. The meeting, attended by Muneem Al-Sa'iti, Acting Chairman of the Benghazi Chamber, Muhanad Al-Saleheen, Director General, and Ramadan Boubtana, Director of the Economic and International Relations Department, aimed to leverage Spanish expertise for Libya's economic diversification and sustainable development. Chamber officials expressed interest in building partnerships with Spanish companies and fostering communication between the business communities of both countries.
Libya's Minister of Water Resources, Hosni Oweidan, met with a delegation from the British company Global Consolidated Contractors International Ltd GCCI in Tripoli to discuss cooperation on dam assessment and development. The meeting, attended by various directors, aligns with the Prime Minister's directives to assess existing dams and the Ministry of Water Resources' vision for water security. It also supports the Ministry of Foreign Affairs' efforts to collaborate with international companies. Discussions included comprehensive technical studies for existing dams to determine maintenance and development needs, as well as preliminary studies for new dams at proposed sites. The Minister emphasized utilizing international expertise for water infrastructure development. The GCCI delegation is scheduled to begin field visits to dams targeted for evaluation.
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