Various initiatives have identified Public-Private Partnerships (“PPPs”) as a viable basis to engage the private sector, with the aim of improving both the quality of public infrastructure and the standards of public services. A key obstacle to the widespread adoption of PPPs in Libya is the absence of a specific Libyan legislative framework regulating PPPs. A Libyan PPP legislative framework should not be overly prescriptive in respect of the type of contract structure but should allow the market freedom to choose the most appropriate contracting method. The enactment of a PPP legislative framework in Libya requires careful consideration of several issues, particularly in relation to the sectoral application and financial arrangements of PPPs. He recently co-led a team in developing a bespoke Libyan PPP legislative instrument (in light of international best practices developed by UNCITRAL and EBRD model laws and regulations).

Source: Libya Today October 30, 2022 23:40 UTC