U.S. based company, the Guidry Group, is to build a billion-dollar-plus deep-sea port near the eastern Libyan town of Susah.
Libyan Herald, August 16, 2018, By Sami Zaptia
London, 16 August 2018
U.S. based company, the Guidry Group, is to build a billion-dollar-plus deep-sea port near the eastern Libyan town of Susah. The multi-purpose container port and logistics hub would be the largest deep-sea port in the region and is projected to handle 1 million TEU’s in phase one.
The company said that the goal of the port is to ‘‘stimulate business, help end terrorism, and reinforce elements of a successful country to assist in reviving war-torn Libya.’’ It added that the port project will ‘‘improve the human condition, breathe economic life into the region, and help position Libya as a major economic gateway for North Africa trade and commerce’’.
The Guidry Group was given permission by Libya’s Ministry of Transport to conduct a study of the port in Susah as far back as 2012. The study was conducted in 2013 and in 2015, the Guidry Group competed for the right to build the port with another 8 international companies – which it won.
]
It completed its feasibility study of the project in 2017 and last month it publicized its general plans. In March this year the project was named among the Top 100 Critical Infrastructure Projects of the Year at the 11th Global Infrastructure Forum held in Montreal, Canada, and was a finalist for Project of the Year.
Read More Here...