China Railway Construction wins $2.6 bln bids in Libya

www.chinaview.cn 2008-02-18 00:57:14

BEIJING, Feb. 17 (Xinhua) -- China's leading railway contractor has won the bids to build two major railways in Libya, which together are worth about 3.2 billion dinars (2.6 billion U.S. dollars), according to the company.

The two contracts won by the China Railway Construction Corporation (CRCC) are a west-to-east coastal railway from Khums to Sirt and a south-to-west railway that would facilitate iron ore transportation from southern city Sebha to Misurata as well as passenger transportation along the line.

http://news.xinhuanet.com/english/2008-02/18/content_7620265.htm

Libya threatens to withdraw investments in Africa

Panafrica - Libya

Libyan leader Muammar Kadhafi Tuesday warned that Libya could withdraw its investments in Africa and direct them to the Mediterranean if the continent engaged in a racist policy or if it decided to neglect its future.

He did not elaborate.

Full story:

http://en.afrik.com/news11204.html