Pressure so Turkish firms resume construction in Libya
Mithat Yenigün, the Chairman of Turkey’s Association of Construction Material Producers, said that Turkish firms wish to resume work in Libya despite the current crisis.
In comments to the Turkish news agency Anadolu, Yenigün said that with this aim in mind, Turkey had formed a joint committee with Libya for considering the resumption of projects and for collecting their financial dues by the Libyan authorities.
He added that his association proposed to the Libya-Turkey committee, that Libya outlines the most vital projects that need to be prioritized for resumption.
Yenigün also said that Libya can terminate projects’ contracts as per law but on the condition that the financial dues for the Turkish companies are paid.
He stressed the need for compensating the Turkish firms as they had spent a lot on jumpstarting the projects in Libya, which now wishes to cancel some of these projects.
He also emphasized the need that Libya provides security for the Turkish companies to be able to return and work on resumption of the projects.
The suspended projects are worth about 19 billion dollars and the companies require about a billion of financial dues for their previous work, let alone insurances of about 1.7 billion dollars, Yenigün explained.
