Benghazi port development discussed, including PPP investment model for passenger terminal and yacht marina

By Sami Zaptia.

Benghazi port development including PPP passenger terminal and yacht marina investment discussed (Photo: Ports Authority).

London, 25 August 2021:

Libya’s Ports and Maritime Transport Authority reported yesterday that a meeting was held on the same day on the development of Benghazi port.

At the meeting, a package of proposals submitted by some companies was presented and specific measures aimed at increasing efficiency and upgrading the port sector, by raising the competitiveness of Libyan port services, in accordance with the highest international standards, were discussed.

These come in the Libyan Ports Authority’s framework to offer some Libyan ports for PPP investment, which will have an impact on supporting and promoting economic growth and finding promising investment opportunities in this vital sector as s basis for the development of the economy.

Global logistics centre

The development of the port of Benghazi, the Port Authority explained, also comes within the framework of the strategic goals that it is working on and its ambitious initiatives to reach international leadership, and to contribute to transforming Libya into a global logistics centre.

Marine passenger terminal and yacht marina for PPP

It was also agreed at the meeting to put forward the proposal of the Benghazi marine passenger terminal and yacht marina to local investment (PPP), like the investment model used at Misrata passenger terminal. This, the Authority noted, had a positive impact on the development of the port and the launch of some special partnership projects with the Libyan Ports Company.

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