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US-based project management firm AECOM has won a US$209mn contract in Libya to act as lead manager for the government’s housing and infrastructure development programme in urban areas
The company signed a contract for a period of 25 months with the Libyan Housing and Infrastructure Board (HIB) and will serve as the main advisor for the country’s Ministry of Housing and Utilities (MHU).
AECOM is also planning to work with the HIB and MHU to restart some construction projects in Libya. The company has acted as lead manager for HIB’s programmes since 2007.
The Libyan HIB currently has a budget of US$36bn for projects including the construction of new homes, building residential settlements, upgrading roads, highways, bridges and utility systems in the country.
The HIB’s expenditure budget is expected to increase to US$100bn in the near term, according to ministry sources.
AECOM chief executive officer John Dionisio said, “We look forward to engaging in work that would advance the quality of life for the Libyan people in housing and critical infrastructure.”
The minister for housing and utilities, Ali Sharif, said, “This contract with AECOM reflects our commitment towards re-establishing the national housing and infrastructure development program.”