Texas-based Guidry Group confirms, to Reuters, information according to which it will soon sign a 35-year $1.5 billion contract for the construction and operation of a port in Susah, Lybia.

 “Funding for the Port of Susah project is expected to come from a variety of sources, including international multilateral agencies, major financial institutions and international project finance investors as this project is a public private partnership,” Guidry Group explained in a mail to Reuters.

According to Libya Herald, Guidry Group, which has already realized feasibility studies, was chosen by Lybian authorities after an international tender process where eight other international port operators submitted their bids.