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Libya: Guidry Group about to bag $1.5 bln contract for construction and operation of Susah port

Wednesday, 20 February 2019 12:26
Libya: Guidry Group about to bag $1.5 bln contract for construction and operation of Susah port

(Ecofin Agency) - 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.





 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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