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The Libyan Local Investment & Development Fund (LLIDF) announced yesterday the appointment of Deloitte as its advisor to deliver national infrastructure projects through Libya's PPP programme.
Deloitte was selected following a competitive process with independent international evaluation.
LLIDF is working to generate long-term financial returns and tangible socio-economic benefits by developing Libya's infrastructure through PPP projects.
The agreement, signed 1 April 2014 in Tripoli by Mr. Bader Ben-Othman (CEO of LLIDF) and Mr. Ian Simpson (Partner with Deloitte), marks an important milestone for Libya's PPP agenda.
Mr. Bader Ben-Othman noted:
"We are delighted to work with Deloitte on this important initiative. Throughout the evaluation and selection process, Deloitte's capabilities and credentials became evident to all involved. As such, I am confident in Deloitte's ability to assist us and we look forward to working with them to bring this project to fruition."
Mr. Ian Simpson added:
"Our Infrastructure & Capital Projects team has worked on some of the world's largest and most complex projects. Deloitte is pleased to be working alongside LLIDF and we look forward to leveraging our global expertise to establish Libya as a centre of PPP excellence and partner of choice for private investors."
Following a review of the PPP strategy, the focus will shift to growing LLIDF's institutional capacity and designing the PPP delivery organisation. A number of sector studies will soon be undertaken to explore opportunities to attract global private investment. This will be followed by the implementation of PPP pilot projects aimed at stimulating economic development.