Libya will soon have a major upgrade in the Urban centres because Libya’s Housing and Infrastructure Board (HIB) and Aecom Technology Corporation signed an agreement worth $209 million.
AECOM is the lead program manager for the Libyan HIB for all urban areas throughout the country, with the contract expected to run over a 25-month period.
So in this agreement, AECOM will serve as the overall program manager of the HIB capital budget program, a comprehensive housing and infrastructure development program for Libya that will create an enhanced environment for its citizens and visitors.
The program expands and becomes fully reestablished, the HIB capital budget program is expected to exceed $100bn addressing critical housing and infrastructure needs throughout the country. AECOM led the HIB’s housing and infrastructure program from 2007 until it was suspended in 2011.
AECOM is also the main advisor to the Ministry of Housing and Utilities (MHU), which oversees the HIB and other agencies, with responsibility for ensuring that common systems and standards are applied to similar projects in other MHU agencies.
“We look forward to engaging in our work to advance the quality of life for the Libyan people in terms of housing and critical infrastructure,” said John M. Dionisio, AECOM chairman and chief executive officer.
The deal includes the construction of new housing and infrastructure systems for all cities in Libya; urban design and development; housing units and residential settlements; upgrades to existing infrastructure, roads, highways, bridges, water, wastewater and other utility systems; and environmentally focused, sustainable processes.
“This contract with AECOM reflects the significant commitment that Libya is making in reestablishing the development of our national housing and infrastructure program,” said Ali Sharif, minister, Libyan Ministry of Housing and Utilities. “We are moving forward to enhance the quality of life of our people and the economic potential of our country through this major housing and infrastructure development initiative.”