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Nemzetkozi Vegyépszer wins €300 mln contract to build infrastructure in Libya

Hungarian construction company Nemzetközi Vegyépszer has won a tender to build infrastructure and public facilities in Libya worth about €300 million, the company said.

Vegyépszer will lay 600 kilometers of sewer pipes, 450 kilometers of water lines, 600,000 square meters of pavement and build lighting along 400 kilometers of roads starting in the spring and finishing within 40 months.

The size of the contract, which depends on the exchange rate of Libya's currency, is the biggest foreign one won by a Hungarian company in decades, Vegyépszer noted.

The company said it could win new contracts from Libya as much as doubling its work volume in the country. Talks are underway on expanding its current contract, Vegyépszer added.

The company will employ 100-120 Hungarians during the peak period of construction in Libya. (MTI – Econews)