Hungarian Firm Wins Construction Contract in Libya

Hungarian contractor Nemzetközi Vegyépszer won a $413 million tender to build infrastructure and public facilities in Libya. The 40 month contract is scheduled to begin in the Q3 2010.

The main infrastructure package will see Nemzetközi Vegyépszer lay 600 kilometres of sewage pipes, 450 kilometers of water lines, build 600,000 square meters of sidewalks and provide lighting along 400 kilometers of roads.

Ample opportunities exist for foreign construction and infrastructure contractors, but sources inside Libya have said Western companies have been slow to seize them, paving the way for the likes of Nemzetközi Vegyépszer.

According to the Hungarian contractor, negotiations to expand its contract are under way. It said that tenders floated from the Libyan government could double its volume of work in the country. (Sourced from MEED)

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