Omar Tantoush, Chairman of the Finance Committee of the House of Representatives meeting in Tobruk, said that the Economic Dialogue Committee concerned with the outcomes of the Berlin Conference, in which he participates, has already developed studies and programs related to reconstruction, and their implementation is contingent on the new government coming to light.
Tantoush added, in statements to “Asharq Al-Awsat” newspaper, seen by “AWG”, that the real beginning of the reconstruction process will be with the start of the next government’s process of counting the damages throughout the country, noting that the total cost of the process cannot be calculated, even roughly, as it is related to the inventory of damages. And its cost first, then the prices of the materials that will be used in the reconstruction process, and these are subject to the law of supply and demand.
And he expected the participation of some banks and foreign investment institutions in the financing process due to the enormity and weight of the expected cost on the Libyan budget, stressing that the reconstruction process will require years, and it will be divided into stages according to the size of the damage, taking into account the cities that have not been extended to by construction since their destruction, such as the area of Warshafana in the south. West of Tripoli, which was subjected to repeated destruction in 2011 and 2014, as well as what happened in many areas of Benghazi, as well as in Sirte and Bani Walid.
The Libyans are waiting for the talks and political meetings taking place in Arab and international capitals to result in a tangible move soon on the ground that may restore stability to the country, and with it the process of rebuilding cities destroyed by the war, amidst assurances that studies have already been prepared, according to the Berlin outputs, but are awaiting approval. On the new power.
Turkish companies are seeking to win the largest share of the reconstruction process in Libya, with the support of the illegal government of reconciliation, which gives them great facilities to obtain projects from which they will reap huge profits, as Reuters quoted two responsible sources confirming that the Turkish business delegation intends to visit Libya; To discuss the possibility of Turkish companies and banks working in the reconstruction of Libya and securing its energy needs.
In her statements to Reuters, the sources said that politicians may join the next visit, under the name of a “committee” of representatives of companies, adding that the delegation will develop a business plan and will focus initially on meeting Libya’s energy needs, reconstruction and renewal of its infrastructure.
An official in the Turkish industrial sector explained that it may take time for Tripoli to pay this money, adding that Turkish government banks will help establish a banking system and a regulatory body for that sector in Libya, and that work is underway to pump money through Turkey for the main Libyan imports.
The international agency reported that before Turkey officially cast its weight behind the Government of National Accord last November, Turkish construction companies had begun to work on projects in Libya, where a senior official confirmed last January that the volume of projects under implementation in Turkish contracts amounted to 16 billion Dollar, according to Reuters.
For his part, Mortada Karanvil, Chairman of the Turkish-Libyan Business Council of the Council of Foreign Economic Relations of Turkey, said that a new date is expected to be set soon for a meeting between the heads of Libyan companies and Turkish food, medicine and other commodity manufacturers after it was postponed due to the Corona pandemic.
In statements to him, Caranville added that given Libya’s lack of a strong manufacturing base, they believe that these industries may be a new starting point for easing production problems