moroccanboy
November 21st, 2007, 01:39 PM
Libya to invest $123 bln on infrastructure-Jana
Tue 20 Nov 2007, 14:53 GMT
[-] Text [+] (Adds quote, background)
TRIPOLI, Nov 20 (Reuters) - Libya plans to spend 150 billion dinars ($123.4 billion) on public works including building schools and renewing water and sanitation systems over five years, the official Libyan news agency said on Tuesday.
"The development programme includes a package of strategic projects in all fields, with an estimated budget of 150 billion dinars over five years," the agency, Jana, quoted a government statement as saying.
The plan, officially called the five-year programme to develop strategic projects, was drafted by senior government officials at a meeting in Tripoli on Sunday, it said, without immediately indicating when the programme would start.
Jana said the plan comprised the building of 530,000 housing units, as well as water stations and sewage and sanitation facilities at every village and town across Libya.
Two hundred new schools per year would be built alongside state-of-the art universities and technical colleges and faculties.
"These items of water, schools and housing will receive about 59 billion dinars from the programme," Jana said, adding without elaborating that 12.5 billion dinars would be allocated to upgrade and expand the telecommunications sector. (Writing by Lamine Ghanmi; editing by Mike Peacock)
Tue 20 Nov 2007, 14:53 GMT
[-] Text [+] (Adds quote, background)
TRIPOLI, Nov 20 (Reuters) - Libya plans to spend 150 billion dinars ($123.4 billion) on public works including building schools and renewing water and sanitation systems over five years, the official Libyan news agency said on Tuesday.
"The development programme includes a package of strategic projects in all fields, with an estimated budget of 150 billion dinars over five years," the agency, Jana, quoted a government statement as saying.
The plan, officially called the five-year programme to develop strategic projects, was drafted by senior government officials at a meeting in Tripoli on Sunday, it said, without immediately indicating when the programme would start.
Jana said the plan comprised the building of 530,000 housing units, as well as water stations and sewage and sanitation facilities at every village and town across Libya.
Two hundred new schools per year would be built alongside state-of-the art universities and technical colleges and faculties.
"These items of water, schools and housing will receive about 59 billion dinars from the programme," Jana said, adding without elaborating that 12.5 billion dinars would be allocated to upgrade and expand the telecommunications sector. (Writing by Lamine Ghanmi; editing by Mike Peacock)