Abuzakouk stressed that Libya does not currently have the finances to complete its railway projects, let alone all the other projects it needs to complete. He gave the UAE’s Jabal Ali Free Port project as a good example of the BOT formula for a large infrastructure project. The BOT formula would enable Libya to benefit from advanced international knowhow and experience and gets round Libya’s lack of finances. Abuzakouk gave Morocco as the prime example of use of the BOT method. The BOT method is much better for the Libyan state than being stuck in a loan process with all its vagaries, he added.

Source: Libya Today November 23, 2022 22:32 UTC