Ahmad 
The head of the outgoing Libyan government, Abdul Hamid Dbeibeh, announced that the Italian government is committed to covering the costs of constructing the road extending from “Amsaid” to “Ras Ajdir”, stressing the importance of accelerating the launch of the project.
During a meeting held in his office at the Prime Minister’s Office in Tripoli, Dbeibeh discussed the details of the progress made in contracts with Italian companies.
Senior officials, including the Minister of Transport and the Chairman of the Committee for the Resumption of the Friendship Treaty between Libya and Italy, participated in the meeting.
The meeting confirmed Italy’s commitment to financing the project with $5 billion, with 571 million euros allocated for the current year to complete contracting procedures for two main sections of the road.
The meeting reviewed a spending protocol that is being presented and approved with the approval of the Libyan and Italian sides, in addition to ongoing coordination and follow-up to ensure that the project is exempt from taxes to avoid double taxation.
The road, which is 1,700 kilometers long, is part of the friendship treaty signed between the two countries in 2008, which also includes other development projects between the two countries such as housing projects and providing scholarships for Libyan students.
It is noteworthy that Libya and Italy signed three agreements in May 2024, during the visit of Italian Prime Minister Giorgia Meloni to Libya, which include the establishment of Libyan-Italian hospitals in Tripoli, Benghazi, and Sabha, and the establishment of pharmaceutical manufacturing companies in Libya.
Optimistic expectations for a record economic growth in Libya