$87 million deal signed to develop Port of Tripoli

The Council for Development and Reconstruction (CDR) and Egypt-based Arab Contractors have signed a contract for the first phase of the development of the Port of Tripoli.

The $87 million project is funded by the Islamic Development Bank.

Nabil Jisr, President of CDR said: “This will be the fastest agreement to be implemented. Guarantees will come within ten days. Work will start before winter. The project will be completed within two and a half years.”

Hazem Abdul Ghaffar, representing Arab Contractors said: “The project involves the complete development and construction of new buildings for Customs, the port administration, the army, and the fire department. All the buildings will be located in one area and will be electronically linked to a control center.”