Today, Thursday, at the headquarters of the Ministry of Transportation in Tripoli, the first meeting of the joint higher committee for the two transit roads project was held, formed pursuant to Minister of Transportation Resolution No. 18 of 2025 AD, in implementation of Council of Ministers Resolution No. 535 of 2024 AD, which authorizes the Libya Africa Investment Portfolio to contract with specialized consulting offices to prepare… Economic, technical and planning feasibility studies for the project, and it also allows it to offer the project for investment on a “build-operate-delivery” system, or through partnerships. With national and international companies.
According to what the Libya Africa Investment Portfolio reported on its official Facebook page, the Supreme Committee will supervise and follow up on all stages of the Misrata-Tamanhint-Agades transit road projects, and the Benghazi-Kufra-Sudan transit road projects.
The portfolio indicated that the committee was authorized to exercise the following powers:
● Preparing a vision and work plan that ensures that the requirements of all phases of the project are met, including the timetables necessary for their implementation.
● Proposing the formation of subcommittees in coordination with the relevant authorities and referring them to the Minister of Transportation to issue decisions regarding them.
● Determine the scope of work and communication channels with internal and external parties, and propose memorandums of understanding and agreements to be concluded.
● Defining the tasks and competencies of the subcommittees, following up on their work and approving their outputs.
● Prepare an estimated budget for the work of the Supreme Committee and the subcommittees, and submit it to the Minister of Transportation for approval.
● Submit periodic reports to the Minister of Transportation showing progress in implementing the tasks and work assigned to the committee.
● Communicate with the Libya Africa Investment Portfolio to follow up on the work of the consulting offices charged with preparing feasibility studies, and the steps taken regarding offering the project for investment.
● Receiving the final report of the economic, technical and planning feasibility study for the routes, and referring it to the Minister of Transportation for approval, attached with recommendations regarding the results reached.
The first meeting of the Supreme Committee included discussing the following items and taking the necessary decisions regarding them:
● Reviewing Minister of Transportation Resolution No. 18 of 2025.
● Nominating a rapporteur for the committee.
●Determine the committee’s headquarters.
● Form a work team to develop a work plan and budget.
These projects are expected to contribute to creating new job opportunities, increasing revenues, and improving the standard of living in Libya.
The Board of Directors of the Libya Africa Investment Portfolio is currently chaired by Mustafa Abu Nas, former Minister of Economy, who was appointed by the Prime Minister of the National Unity Government, Abdul Hamid Dabaiba, in order to implement decisive reforms in the Libya Africa Portfolio to achieve progress towards the goals of economic and investment sustainability and contribute to deepening Libya’s impact and role in the African scene.
The Libya Africa Investment Portfolio was established in 2006. The portfolio works in the field of international investment, searching for investment opportunities and building a diversified and balanced portfolio that includes companies operating in various industries and regions, in addition to achieving long-term and sustainable returns.
Last updated: January 9, 2025 – 21:26
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