Aid & Development

Committee Estimates Reconstruction of Benghazi to cost 1.7 billion Libyan Dinars

North Africa

The Governor of the Central Bank of Libya, Ali al-Habri, and members of the Stabilisation Committee of Benghazi, met to discuss the outstanding costs of the city's reconstruction.

The Chairman of the Administrative Control Authority of the Parliament, Abdul Salam al-Hassi, the Governor of the Central Bank of Libya, Ali al-Habri, and members of the Stabilisation Committee of the city of Benghazi met to discuss costs regarding the reconstruction of Benghazi, Libya’s second city, which was ravaged by the ongoing civil war in the country. This meeting, hosted by the Chairman of the Administrative Control Authority, presented observations to the Authority made by the city’s Stabilisation Committee as part of a comprehensive follow-up to all projects carried out by the interim government.

The Authority had formed this committee to review stabilisation projects in Benghazi, and it highlighted several obstacles during the implementation phase of rehabilitation projects in the city, namely high labour and raw material costs. Moreover, a number of procedural violations have been identified, of which the scope remains unknown.

For his part, a member of the Stabilisation Committee in the city of Benghazi denied the suggestions that violations could have occurred whilst a number of companies signed contracts, pointing out that the Committee is developing mechanisms to “correct the financial situation” and maintain public funds for the projects in question. 

The Governor of the Central Bank of Libya, Abdul Salam al-Hassi also confirmed that the financial and expenditure procedures comply fully with Libyan legislation. Al-Habri added that an estimated 1.7 billion dinars budget that has been prepared to fund numerous service projects, with a completion timeframe of 4 years. Al-Habri also pointed out that 155 million dinars out of 200 million dinars has been spent so far, with the rest to be spent by the end of the year. According to the Governor, there are contracts in place for the purchase of 5,000 housing units for citizens whose homes were damaged during the fighting.

Whilst this control procedure has unearthed some violations with the aim of revitalising efforts to rebuild Benghazi, the extent to which the Stabilisation Committee was responsible for such abuses is a question that remains unanswered.