Libya Herald expects Cairo-based Arab Contractors Company, one of Egypt’s biggest corporations, to sign a new contract this week to restart work on a road project in Ghadames.
According to a company official in Tripoli, the project had originally been awarded and work started before the revolution, but was then put on hold.
Work on a second suspended road project, in Tobruk, remains on hold, the spokesman said. The company is understood to be negotiating compensation for the loss of equipment at the Tobruk site before work can re-commence.
In July, the company opened a new office in Tripoli specifically to deal with reactivating its contracts in Libya, and to bid for new ones. One month later, the Deputy Chairman, Effat Abdullah, was reported saying that the company was bidding for over $1 billion-worth of projects through the new office, but according to the Libya Herald report, "this has turned out to be more of a wish list than a story of bids submitted".
The company's website, however, says the company currently has two projects ongoing, the first to build a $7.4-million service station (pictured) on the main highway to Egypt, at Mesaad, near the border.
The second project is listed as the development of a tourist resort at the sulphuric baths in Tagoraa.
(Sources: Libya Herald, Arab Contractors Company)