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FinancialNews


  • 13-08-13

    Libya awards USD1.3b highway contract to Salini Impregilo consortia

    (MENAFN) Libya has awarded USD1.29 billion contract to a consortium led by Salini Impregilo Group to build part of a new coastal highway in the North African country, Reuters reported. The entire highway will run across Libya for 1,700 km between the Tunisian and Egyptian borders. The contract is part of an accord signed between the governments of Italy and Libya in 2008 and will be funded by the Italian government. Impregilo and Salini are completing a tie-up to create a global construction player focused on large civil engineering projects from roads to hydroelectric dams in over 60 countries, including the Middle East, the Americas and Australia.

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