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Russian Railways to Sign EUR2 Billion Contract in Libya

April 2008.

Russian Railways is to sign a EUR2 billion contract to build a railway section Sirt-Bengazi during the official visit of the RF President Mr. Vladimir Putin to Libya. The company has already reached an agreement with the Libyan party and has specified the main terms and conditions of the contract. In October 2007, Russian Railways produced the feasibility study of the construction project of Sirt-Bengazi railway section. This route will connect Egypt and Tunisia. The contract will be fully paid by the Libyan party. The period of the project is four years and the sum of the contract is more than EUR2 billion.

Source: Prime-Tass News Agency.

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