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Home Construction & Engineering

Libya to Invest $140bn in Next Decade

3rd June 2013
in Construction & Engineering, Public Works
Libya to Invest $140bn in Next Decade
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Libya Herald reports that Libya is expected to invest $140 billion in projects over the next ten years.

Among the areas earmarked for development are:

  • A programme by the General Electric Company of Libya (GECOL) to increase capacity from  about 13,000 MW in 2012 to 19,000-20,000 MW by 2020;
  • A $2.5-billion upgrade of the state’s busiest airports, which aims to expand capacity to about 28 million passengers a year from an estimated 5 million;
  • The provision of 200,000 new homes, with supporting infrastructure, in the next seven years. The government estimates that the country will face a housing shortfall of 500,000 units by 2020.

(Source:  Libya Herald)

Tags: AirportsElectricityGECOL (General Electricity Company of Libya)Housing

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