Draft PPP Law Announced

Libya Herald reports that a workshop on Public Private Partnerships (PPP) has taken place at the Corinthia Hotel in Tripoli.

The workshop, entitled “Transition to a PPP model”, was organised by the Ministry of Housing and Utilities in association with international legal firm, Clyde & Co.

The Minister of Housing and Utilities, Ali Sherief, said the demand on Libya’s state budget (LD 66.86 billion in 2013) from non-development sectors is high, leaving very little for development and infrastructure investment.

He said he was pleased that his Ministry initiated the PPP law and this workshop to find a new system of funding Libya’s development and infrastructure projects.

Presentations were made at the workshop by experts including from the Ministry of Finance of Egypt, the Foreign Ministry of Finland, Clyde & Co., PWC, an the IFC.

(Source: Libya Herald)

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