F
MENA Analytica
Libya
๐Ÿ“กRegulatory Feed๐Ÿ“šLegal Library๐Ÿ—‚Sector Topics
Live
Sign in
โ† Back to Recent Changes
Opportunitydecisionโฑ Medium-term

Decision No. 679 of 2022 Allocating Funds from Miscellaneous Budget Item

28-07-2022ยทู…ุฌู„ุณ ุงู„ูˆุฒุฑุงุกยทุงู„ู…ุงู„ูŠุฉ
Analysis
Summary

The Council of Ministers allocated LYD 6 million to the Airports Authority for completion of the departure hall project at Misrata International Airport. The funds are drawn from the miscellaneous budget item and are to be disbursed according to specified requirements.

Business Implication

This decision signals ongoing capital investment in aviation infrastructure at Misrata International Airport, Libya's third-largest hub. Foreign contractors, engineering firms, and suppliers in airport construction and fit-out sectors should note this allocation as evidence of active procurement for terminal expansion. However, the use of 'miscellaneous' budget lines rather than dedicated capital expenditure may indicate ad-hoc budget management, which can affect payment predictability.

Key Provisions
LYD 6 million allocated to Airports Authority for Misrata International Airport departure hall completion
Funds drawn from miscellaneous budget item under existing financial legislation
Disbursement contingent on requirements statement from Airports Authority Chairman
Effective immediately from date of issuance (28 July 2022)
View original source โ†—
Expert Commentary

No expert commentary yet on this document.

Ask about this document

Ask any question about this document โ€” answered from the full Libyan regulatory corpus

Upgrade to use Q&A โ†’